D.A. Davidson & CO. Cuts Holdings in Jabil Inc. (NYSE:JBL)

D.A. Davidson & CO. reduced its holdings in shares of Jabil Inc. (NYSE:JBLFree Report) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,266 shares of the technology company’s stock after selling 100 shares during the quarter. D.A. Davidson & CO.’s holdings in Jabil were worth $3,627,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in JBL. Pacer Advisors Inc. boosted its position in shares of Jabil by 12,251.7% during the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock worth $264,391,000 after acquiring an additional 2,188,521 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Jabil during the 2nd quarter worth about $78,660,000. AQR Capital Management LLC boosted its position in shares of Jabil by 195.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock worth $115,404,000 after acquiring an additional 702,199 shares in the last quarter. FMR LLC boosted its position in shares of Jabil by 11.3% during the 3rd quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after acquiring an additional 520,672 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Jabil by 29.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock worth $150,463,000 after acquiring an additional 310,590 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total value of $2,494,000.00. Following the completion of the transaction, the director now directly owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This trade represents a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 directly owns 108,753 shares of the company’s stock, valued at $12,908,981.10. The trade was a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 43,689 shares of company stock valued at $5,377,431. Corporate insiders own 2.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JBL. Bank of America upped their price objective on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Barclays upped their target price on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. decreased their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Stifel Nicolaus upped their target price on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, StockNews.com raised Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.50.

Read Our Latest Stock Analysis on Jabil

Jabil Stock Up 0.5 %

Jabil stock opened at $133.33 on Friday. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $156.94. The stock has a 50 day moving average of $125.42 and a two-hundred day moving average of $116.15. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $15.05 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.58 and a beta of 1.24.

Jabil (NYSE:JBLGet Free Report) last issued its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The company’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.34 EPS. As a group, research analysts expect that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Friday, November 15th. Jabil’s dividend payout ratio (DPR) is 2.90%.

Jabil Profile

(Free Report)

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).

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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