Jabil Inc. (NYSE:JBL) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board decreased its position in Jabil Inc. (NYSE:JBL) by 49.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,497 shares of the technology company’s stock after selling 5,468 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Jabil were worth $659,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in JBL. HHM Wealth Advisors LLC purchased a new position in Jabil during the 2nd quarter valued at about $28,000. Capital Performance Advisors LLP bought a new position in Jabil during the third quarter valued at about $32,000. Innealta Capital LLC bought a new position in shares of Jabil during the 2nd quarter worth about $31,000. Family Firm Inc. acquired a new stake in Jabil in the 2nd quarter valued at $37,000. Finally, Matrix Trust Co increased its holdings in shares of Jabil by 135.4% during the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after buying an additional 214 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Jabil

In related news, EVP Matthew Crowley sold 1,380 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the transaction, the executive vice president now directly owns 18,568 shares in the company, valued at $2,336,411.44. This trade represents a 6.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total value of $2,494,000.00. Following the sale, the director now owns 139,108 shares in the company, valued at approximately $17,346,767.60. This represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,689 shares of company stock worth $5,377,431. 2.62% of the stock is owned by company insiders.

Jabil Trading Up 1.7 %

JBL opened at $130.40 on Friday. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $156.94. The company has a fifty day moving average price of $123.32 and a two-hundred day moving average price of $115.75. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The company has a market cap of $14.71 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. Analysts predict that Jabil Inc. will post 7.84 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. Jabil’s payout ratio is 2.90%.

Wall Street Analyst Weigh In

JBL has been the topic of several recent research reports. Barclays raised their price target on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. cut their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Bank of America lifted their target price on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Stifel Nicolaus boosted their target price on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.50.

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).