Jabil Inc. (NYSE:JBL) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC boosted its position in shares of Jabil Inc. (NYSE:JBL) by 45.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,444 shares of the technology company’s stock after acquiring an additional 758 shares during the period. Larson Financial Group LLC’s holdings in Jabil were worth $293,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in Jabil by 12,251.7% in the third quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock valued at $264,391,000 after buying an additional 2,188,521 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Jabil in the 2nd quarter valued at about $78,660,000. AQR Capital Management LLC raised its position in shares of Jabil by 195.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock worth $115,404,000 after acquiring an additional 702,199 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Jabil by 29.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock worth $150,463,000 after acquiring an additional 310,590 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Jabil by 72.0% during the second quarter. Victory Capital Management Inc. now owns 490,499 shares of the technology company’s stock worth $53,361,000 after purchasing an additional 205,331 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays lifted their price target on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Bank of America upped their price objective 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. Finally, JPMorgan Chase & Co. cut their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Jabil presently has an average rating of “Moderate Buy” and an average target price of $143.50.

Insiders Place Their Bets

In related news, Director Steven A. Raymund sold 20,000 shares of the 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 completion of the transaction, the director now directly owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Matthew Crowley sold 1,380 shares of Jabil stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 18,568 shares in the company, valued at $2,336,411.44. This represents a 6.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,689 shares of company stock worth $5,377,431. 2.62% of the stock is owned by insiders.

Jabil Price Performance

Shares of NYSE:JBL opened at $132.70 on Wednesday. Jabil Inc. has a one year low of $95.85 and a one year high of $156.94. The stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.55 and a beta of 1.24. The company has a 50-day simple moving average of $124.39 and a 200-day simple moving average of $115.92. 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 (NYSE:JBL) last posted its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same period last year, the firm earned $2.34 EPS. On average, analysts predict that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders 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 yield of 0.24%. Jabil’s dividend payout ratio is currently 2.90%.

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).