Jabil Inc. (NYSE:JBL) Shares Sold by James Investment Research Inc.

James Investment Research Inc. lessened its holdings in shares of Jabil Inc. (NYSE:JBL) by 19.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,315 shares of the technology company’s stock after selling 11,374 shares during the quarter. James Investment Research Inc.’s holdings in Jabil were worth $5,790,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JBL. Gateway Investment Advisers LLC raised its position in shares of Jabil by 3.5% during the 3rd quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company’s stock valued at $376,000 after acquiring an additional 105 shares in the last quarter. GAMMA Investing LLC increased its position in Jabil by 15.3% in the second quarter. GAMMA Investing LLC now owns 797 shares of the technology company’s stock worth $87,000 after buying an additional 106 shares during the period. M&R Capital Management Inc. increased its position in Jabil by 8.4% in the second 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 during the period. Kathmere Capital Management LLC increased its position in Jabil by 2.7% in the second quarter. Kathmere Capital Management LLC now owns 4,342 shares of the technology company’s stock worth $472,000 after buying an additional 114 shares during the period. Finally, Richard P Slaughter Associates Inc increased its position in Jabil by 0.7% in the third quarter. Richard P Slaughter Associates Inc now owns 17,624 shares of the technology company’s stock worth $2,112,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Trading Up 3.7 %

Shares of JBL stock opened at $127.67 on Friday. The stock has a 50-day simple moving average of $115.99 and a 200 day simple moving average of $114.72. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The stock has a market capitalization of $14.41 billion, a P/E ratio of 11.59, a P/E/G ratio of 1.46 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share 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 analysts’ expectations of $6.59 billion. During the same quarter last year, the business posted $2.34 earnings per share. The company’s quarterly revenue was down 17.7% on a year-over-year basis. On average, sell-side 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 given 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 dividend yield of 0.25%. Jabil’s dividend payout ratio (DPR) is 2.90%.

Insiders Place Their Bets

In other Jabil news, EVP Matthew Crowley sold 1,380 shares of the firm’s 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 directly owns 18,568 shares in the company, valued at approximately $2,336,411.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Matthew Crowley sold 1,380 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the transaction, the executive vice president now directly owns 18,568 shares in the company, valued at $2,336,411.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,689 shares of company stock worth $5,377,431. 2.62% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

JBL has been the topic of several analyst reports. Barclays increased their target price on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Bank of America increased their target price on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. lowered their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Finally, Stifel Nicolaus raised their price target on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

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).