Semanteon Capital Management LP Purchases New Stake in Jabil Inc. (NYSE:JBL)

Semanteon Capital Management LP acquired a new stake in Jabil Inc. (NYSE:JBL) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 9,830 shares of the technology company’s stock, valued at approximately $1,178,000. Jabil makes up about 0.8% of Semanteon Capital Management LP’s portfolio, making the stock its 28th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in JBL. Point72 Asset Management L.P. acquired a new position in shares of Jabil in the 2nd quarter worth approximately $78,660,000. AQR Capital Management LLC grew its holdings in Jabil by 195.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock valued at $115,404,000 after buying an additional 702,199 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Jabil by 29.0% in the second quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock worth $150,463,000 after buying an additional 310,590 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in Jabil in the 1st quarter worth approximately $39,040,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Jabil by 72.0% during the 2nd quarter. Victory Capital Management Inc. now owns 490,499 shares of the technology company’s stock valued at $53,361,000 after buying an additional 205,331 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Insider Transactions at Jabil

In related news, EVP Matthew Crowley sold 2,271 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $123.54, for a total transaction of $280,559.34. Following the transaction, the executive vice president now owns 15,564 shares in the company, valued at $1,922,776.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the completion of the sale, the executive vice president now directly owns 108,753 shares in the company, valued at $12,908,981.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matthew Crowley sold 2,271 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $123.54, for a total transaction of $280,559.34. Following the sale, the executive vice president now owns 15,564 shares in the company, valued at $1,922,776.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,651 shares of company stock valued at $929,005. Insiders own 2.62% of the company’s stock.

Jabil Stock Up 0.8 %

Shares of JBL traded up $0.96 during mid-day trading on Monday, hitting $125.68. 10,490 shares of the company’s stock were exchanged, compared to its average volume of 1,460,963. The stock’s 50-day moving average is $114.27 and its 200-day moving average is $114.79. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 1.46 and a beta of 1.25.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.22 by $0.08. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. During the same quarter in the prior year, the business earned $2.34 earnings per share. The company’s quarterly revenue was down 17.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Jabil Inc. will post 7.84 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. Jabil’s dividend payout ratio is currently 2.90%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Barclays increased their price objective 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. Bank of America increased their price objective 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. Finally, Stifel Nicolaus increased their price objective on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Jabil has an average rating of “Moderate Buy” and an average target price of $143.50.

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).