AustralianSuper Pty Ltd Takes Position in Jabil Inc. (NYSE:JBL)

AustralianSuper Pty Ltd acquired a new position in shares of Jabil Inc. (NYSE:JBL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 65,285 shares of the technology company’s stock, valued at approximately $7,823,000. AustralianSuper Pty Ltd owned 0.06% of Jabil as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its holdings in shares of Jabil by 141.7% in the first quarter. Cetera Investment Advisers now owns 17,350 shares of the technology company’s stock valued at $2,324,000 after purchasing an additional 10,173 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Jabil by 30.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 331,373 shares of the technology company’s stock valued at $44,387,000 after acquiring an additional 76,573 shares in the last quarter. Tobam acquired a new position in Jabil during the 1st quarter worth approximately $1,692,000. BNP Paribas Financial Markets grew its stake in shares of Jabil by 222.8% during the 1st quarter. BNP Paribas Financial Markets now owns 132,346 shares of the technology company’s stock worth $17,728,000 after acquiring an additional 91,347 shares in the last quarter. Finally, CreativeOne Wealth LLC raised its holdings in shares of Jabil by 239.2% in the first quarter. CreativeOne Wealth LLC now owns 10,116 shares of the technology company’s stock valued at $1,355,000 after purchasing an additional 7,134 shares during the last quarter. 93.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays increased their target price on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. JPMorgan Chase & Co. decreased their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Stifel Nicolaus upped their target price on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Bank of America raised their price target on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Insider Buying and Selling at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the sale, the director now directly owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. 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. Also, EVP Matthew Crowley sold 1,380 shares of Jabil stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $125.83, for a total transaction of $173,645.40. Following the completion of the sale, the executive vice president now owns 18,568 shares of the company’s stock, valued at $2,336,411.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,651 shares of company stock valued at $3,423,005 in the last three months. 2.62% of the stock is currently owned by company insiders.

Jabil Stock Performance

Jabil stock traded down $2.60 during midday trading on Thursday, reaching $121.38. 321,739 shares of the company’s stock were exchanged, compared to its average volume of 1,456,001. The stock’s 50-day simple moving average is $115.28 and its 200 day simple moving average is $114.70. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 1.46 and a beta of 1.25. 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 52 week low of $95.85 and a 52 week high of $156.94.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $6.59 billion. During the same quarter last year, the firm posted $2.34 EPS. The company’s quarterly revenue was down 17.7% on a year-over-year basis. On average, analysts expect that Jabil Inc. will post 7.84 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. Jabil’s dividend payout ratio (DPR) is currently 2.90%.

Jabil Company 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).