HBK Investments L P grew its holdings in shares of Jabil Inc (NYSE:JBL) by 145.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 553,800 shares of the technology company’s stock after purchasing an additional 328,600 shares during the period. HBK Investments L P owned about 0.32% of Jabil worth $14,537,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Two Sigma Advisers LP increased its stake in Jabil by 20.6% during the fourth quarter. Two Sigma Advisers LP now owns 707,010 shares of the technology company’s stock worth $18,559,000 after purchasing an additional 120,555 shares during the period. Premia Global Advisors LLC purchased a new stake in Jabil during the fourth quarter worth about $174,000. Ellington Management Group LLC purchased a new stake in Jabil during the fourth quarter worth about $974,000. Stone Ridge Asset Management LLC purchased a new stake in Jabil during the fourth quarter worth about $702,000. Finally, Guggenheim Capital LLC increased its stake in Jabil by 68.3% during the fourth quarter. Guggenheim Capital LLC now owns 814,294 shares of the technology company’s stock worth $21,375,000 after purchasing an additional 330,493 shares during the period. Institutional investors own 99.65% of the company’s stock.
JBL has been the topic of a number of recent research reports. Raymond James Financial reiterated a “hold” rating on shares of Jabil in a research note on Thursday, December 14th. ValuEngine lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 4th. Argus upgraded shares of Jabil from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Monday, December 18th. Zacks Investment Research lowered shares of Jabil from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Finally, Standpoint Research upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $32.90.
Jabil Inc (NYSE:JBL) opened at $28.31 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $4,939.90, a P/E ratio of 49.67, a P/E/G ratio of 1.14 and a beta of 0.44. Jabil Inc has a fifty-two week low of $23.70 and a fifty-two week high of $31.70.
Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, December 14th. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.01. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.50 billion. Jabil had a return on equity of 12.95% and a net margin of 0.54%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 earnings per share. equities analysts anticipate that Jabil Inc will post 2.06 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Wednesday, February 14th. Jabil’s payout ratio is currently 56.14%.
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Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.
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