Flinton Capital Management LLC lifted its holdings in Jabil Inc (NYSE:JBL) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,044 shares of the technology company’s stock after acquiring an additional 31,164 shares during the quarter. Flinton Capital Management LLC owned approximately 0.17% of Jabil worth $7,771,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Premia Global Advisors LLC acquired a new position in shares of Jabil in the 4th quarter worth approximately $174,000. Signition LP acquired a new position in shares of Jabil in the 4th quarter worth approximately $202,000. Alambic Investment Management L.P. acquired a new position in shares of Jabil in the 4th quarter worth approximately $215,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Jabil by 47.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,907 shares of the technology company’s stock worth $234,000 after acquiring an additional 2,853 shares in the last quarter. Finally, ETRADE Capital Management LLC bought a new position in Jabil in the 3rd quarter worth approximately $238,000. 99.65% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently weighed in on JBL shares. Raymond James Financial restated a “hold” rating on shares of Jabil in a research report on Thursday, December 14th. ValuEngine cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 4th. Argus upgraded shares of Jabil from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Monday, December 18th. Zacks Investment Research cut shares of Jabil from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Finally, Standpoint Research upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Two 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. Jabil has an average rating of “Hold” and an average target price of $32.90.
Shares of Jabil Inc (JBL) opened at $28.27 on Wednesday. The company has a market cap of $4,960.92, a price-to-earnings ratio of 49.60, a price-to-earnings-growth ratio of 1.15 and a beta of 0.44. Jabil Inc has a 1 year low of $23.70 and a 1 year high of $31.70. The company has a current ratio of 0.95, a quick ratio of 0.50 and a debt-to-equity ratio of 0.72.
Jabil (NYSE:JBL) last issued its earnings results on Thursday, December 14th. The technology company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. The company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Jabil had a net margin of 0.54% and a return on equity of 12.95%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS. equities research analysts forecast that Jabil Inc will post 2.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th were given a dividend of $0.08 per share. 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 56.14%.
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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