Paralel Advisors LLC Has $1.86 Million Holdings in Jabil Inc. (NYSE:JBL)

Paralel Advisors LLC trimmed its position in shares of Jabil Inc. (NYSE:JBL) by 21.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,078 shares of the technology company’s stock after selling 4,615 shares during the quarter. Paralel Advisors LLC’s holdings in Jabil were worth $1,858,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Czech National Bank increased its holdings in Jabil by 0.3% during the 1st quarter. Czech National Bank now owns 22,439 shares of the technology company’s stock valued at $3,006,000 after purchasing an additional 73 shares in the last quarter. Beacon Pointe Advisors LLC increased its stake in shares of Jabil by 2.5% in the fourth quarter. Beacon Pointe Advisors LLC now owns 3,377 shares of the technology company’s stock valued at $430,000 after buying an additional 83 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Jabil by 15.3% in the second quarter. GAMMA Investing LLC now owns 797 shares of the technology company’s stock valued at $87,000 after buying an additional 106 shares during the last quarter. M&R Capital Management Inc. lifted its position in Jabil by 8.4% during the 2nd quarter. M&R Capital Management Inc. now owns 1,380 shares of the technology company’s stock worth $150,000 after buying an additional 107 shares in the last quarter. Finally, Gulf International Bank UK Ltd grew its holdings in Jabil by 1.0% during the 1st quarter. Gulf International Bank UK Ltd now owns 10,743 shares of the technology company’s stock worth $1,439,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Transactions at Jabil

In related news, SVP May Yee Yap sold 4,274 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the completion of the sale, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $116.42, for a total transaction of $145,525.00. Following the completion of the transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP May Yee Yap sold 4,274 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the completion of the sale, the senior vice president now directly owns 24,829 shares in the company, valued at approximately $2,905,986.16. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by insiders.

Jabil Trading Down 1.5 %

JBL traded down $1.55 during midday trading on Friday, reaching $101.04. 1,278,375 shares of the company were exchanged, compared to its average volume of 1,443,134. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. The stock has a market capitalization of $11.46 billion, a P/E ratio of 9.19, a PEG ratio of 1.95 and a beta of 1.25. The stock’s 50-day simple moving average is $108.00 and its 200 day simple moving average is $120.26. Jabil Inc. has a one year low of $95.85 and a one year high of $156.94.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Thursday, June 20th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.53 billion. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The business’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.85 earnings per share. As a group, analysts forecast that Jabil Inc. will post 7.86 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a $0.08 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.32%. Jabil’s payout ratio is 2.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on JBL shares. UBS Group reduced their target price on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Bank of America decreased their price objective on Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, June 21st. JPMorgan Chase & Co. cut their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Finally, Barclays decreased their price target on Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $141.13.

About Jabil

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).