Jabil Inc. (NYSE:JBL) Shares Sold by American Trust

American Trust lessened its stake in Jabil Inc. (NYSE:JBL) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,301 shares of the technology company’s stock after selling 240 shares during the quarter. American Trust’s holdings in Jabil were worth $276,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC acquired a new position in Jabil in the second quarter valued at approximately $28,000. Innealta Capital LLC purchased a new position in shares of Jabil during the 2nd quarter worth $31,000. Capital Performance Advisors LLP purchased a new stake in Jabil in the 3rd quarter valued at about $32,000. Family Firm Inc. acquired a new position in Jabil in the second quarter valued at about $37,000. Finally, Brooklyn Investment Group purchased a new position in Jabil during the third quarter worth about $39,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Trading Up 1.1 %

NYSE JBL opened at $135.13 on Friday. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94. The firm has a 50 day moving average of $129.51 and a two-hundred day moving average of $117.57. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $15.25 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter in the previous year, the firm posted $2.34 earnings per share. The company’s revenue was down 17.7% compared to the same quarter last year. As a group, research analysts expect that Jabil Inc. will post 7.89 EPS for the current fiscal year.

Jabil Announces Dividend

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

Insider Buying and Selling

In related news, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the sale, the senior vice president now directly owns 41,507 shares in the company, valued at $5,051,816.97. This trade represents a 22.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the transaction, the director now owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,689 shares of company stock worth $5,377,431 over the last 90 days. 2.62% of the stock is owned by insiders.

Analysts Set New Price Targets

JBL has been the subject of several research analyst reports. StockNews.com upgraded Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. lowered their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Barclays boosted their price target on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Stifel Nicolaus raised their price objective on shares of Jabil from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Bank of America upped their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $145.17.

Jabil Profile

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).