Engineers Gate Manager LP purchased a new position in shares of Jabil Inc (NYSE:JBL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 46,462 shares of the technology company’s stock, valued at approximately $1,258,000.
Several other institutional investors have also bought and sold shares of the company. Signition LP bought a new stake in shares of Jabil during the 3rd quarter valued at about $212,000. Victory Capital Management Inc. bought a new stake in shares of Jabil during the 3rd quarter valued at about $3,107,000. ARGA Investment Management LP boosted its position in shares of Jabil by 32.9% during the 3rd quarter. ARGA Investment Management LP now owns 50,950 shares of the technology company’s stock valued at $1,380,000 after purchasing an additional 12,625 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in shares of Jabil by 13.5% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,627,577 shares of the technology company’s stock valued at $71,155,000 after purchasing an additional 311,905 shares in the last quarter. Finally, Aviance Capital Management LLC bought a new stake in shares of Jabil during the 3rd quarter valued at about $147,000. 93.28% of the stock is owned by institutional investors.
Several equities research analysts recently commented on JBL shares. ValuEngine lowered Jabil from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. JPMorgan Chase & Co. set a $37.00 target price on Jabil and gave the company a “buy” rating in a research report on Wednesday, September 26th. Finally, TheStreet lowered Jabil from a “b-” rating to a “c+” rating in a research report on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.33.
Shares of NYSE:JBL opened at $25.29 on Friday. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 11.65 and a beta of 0.54. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.57 and a current ratio of 1.04. Jabil Inc has a 52-week low of $23.04 and a 52-week high of $31.77.
Jabil (NYSE:JBL) last announced its quarterly earnings results on Tuesday, September 25th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. The business had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.41 billion. Jabil had a return on equity of 16.56% and a net margin of 0.39%. The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.32 annualized dividend and a yield of 1.27%. Jabil’s payout ratio is currently 14.75%.
In other Jabil news, CEO Mark T. Mondello sold 30,000 shares of the stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $30.01, for a total value of $900,300.00. Following the transaction, the chief executive officer now owns 1,801,889 shares in the company, valued at $54,074,688.89. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President William E. Peters sold 13,915 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $29.48, for a total value of $410,214.20. Following the completion of the transaction, the president now owns 511,562 shares in the company, valued at approximately $15,080,847.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,245 shares of company stock worth $2,589,070. Corporate insiders own 2.60% of the company’s stock.
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Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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).
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