Jabil Inc. (NYSE:JBL) Shares Sold by Geller Advisors LLC

Geller Advisors LLC lowered its holdings in Jabil Inc. (NYSE:JBL) by 5.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,788 shares of the technology company’s stock after selling 112 shares during the period. Geller Advisors LLC’s holdings in Jabil were worth $214,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of Jabil by 0.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 34,737 shares of the technology company’s stock valued at $4,163,000 after purchasing an additional 233 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in shares of Jabil by 157.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 72,598 shares of the technology company’s stock valued at $8,699,000 after purchasing an additional 44,372 shares during the period. XTX Topco Ltd boosted its stake in shares of Jabil by 46.9% in the third quarter. XTX Topco Ltd now owns 25,305 shares of the technology company’s stock valued at $3,032,000 after purchasing an additional 8,082 shares during the period. National Bank of Canada FI boosted its stake in shares of Jabil by 15.1% in the third quarter. National Bank of Canada FI now owns 57,957 shares of the technology company’s stock valued at $6,945,000 after purchasing an additional 7,621 shares during the period. Finally, iA Global Asset Management Inc. boosted its stake in shares of Jabil by 29.3% in the third quarter. iA Global Asset Management Inc. now owns 2,879 shares of the technology company’s stock valued at $345,000 after purchasing an additional 652 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Bank of America upped their target price on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. StockNews.com upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Stifel Nicolaus increased their price objective on shares of Jabil from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Barclays increased their price objective on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Jabil currently has an average rating of “Moderate Buy” and an average target price of $145.17.

Jabil Trading Down 1.0 %

Jabil stock opened at $134.24 on Tuesday. The firm’s 50-day moving average is $128.40 and its 200-day moving average is $117.14. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $156.94. The company has a market cap of $15.15 billion, a P/E ratio of 12.18, a PEG ratio of 1.59 and a beta of 1.25.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.59 billion. During the same period last year, the firm posted $2.34 EPS. The company’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, equities analysts expect that Jabil Inc. will post 7.89 earnings per share for the current year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil’s dividend payout ratio (DPR) is presently 2.90%.

Insider Buying and Selling

In other Jabil news, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the transaction, the senior vice president now owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. This trade represents a 22.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the transaction, the director now directly owns 139,108 shares in the company, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,689 shares of company stock valued at $5,377,431 in the last quarter. Company insiders own 2.62% of the company’s stock.

Jabil Company Profile

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).