Jabil Inc. (NYSE:JBL) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Jabil Inc. (NYSE:JBL) by 7.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,660 shares of the technology company’s stock after buying an additional 6,436 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Jabil were worth $11,463,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC purchased a new stake in shares of Jabil in the second quarter valued at $28,000. Capital Performance Advisors LLP acquired a new position in Jabil in the 3rd quarter valued at about $32,000. Innealta Capital LLC purchased a new position in Jabil in the 2nd quarter valued at about $31,000. Brooklyn Investment Group acquired a new stake in shares of Jabil during the 3rd quarter worth about $39,000. Finally, Family Firm Inc. purchased a new stake in shares of Jabil during the second quarter worth about $37,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In related news, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the sale, the senior vice president now directly owns 41,507 shares in the company, valued at approximately $5,051,816.97. This trade represents a 22.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the completion of the transaction, the executive vice president now owns 108,753 shares of the company’s stock, valued at approximately $12,908,981.10. This represents a 3.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,689 shares of company stock valued at $5,377,431 over the last three months. 2.62% of the stock is owned by company insiders.

Jabil Stock Performance

Jabil stock opened at $135.83 on Friday. The company has a market cap of $15.33 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $156.94. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. The stock’s 50-day moving average is $126.30 and its 200-day moving average is $116.39.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, beating 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 firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.59 billion. During the same period in the previous year, the company posted $2.34 earnings per share. Jabil’s revenue was down 17.7% compared to the same quarter last year. Equities analysts anticipate that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date is Friday, November 15th. Jabil’s dividend payout ratio (DPR) is presently 2.90%.

Analysts Set New Price Targets

JBL has been the topic of a number of analyst reports. StockNews.com upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Bank of America upped their target price on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Barclays raised their price target on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Finally, Stifel Nicolaus upped their price objective on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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).