Jabil Inc. (NYSE:JBL) Shares Acquired by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC boosted its holdings in Jabil Inc. (NYSE:JBL) by 4.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,798 shares of the technology company’s stock after buying an additional 193 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Jabil were worth $575,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC acquired a new position in shares of Jabil during the second quarter worth $28,000. Innealta Capital LLC bought a new stake in Jabil during the second quarter valued at $31,000. Capital Performance Advisors LLP bought a new stake in Jabil during the third quarter valued at $32,000. Family Firm Inc. bought a new stake in Jabil during the second quarter valued at $37,000. Finally, Matrix Trust Co increased its stake in Jabil by 135.4% during the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after purchasing an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Stock Performance

JBL stock opened at $129.08 on Friday. The company has a market capitalization of $14.57 billion, a P/E ratio of 11.71, a PEG ratio of 1.57 and a beta of 1.24. The company has a 50-day simple moving average of $120.72 and a 200 day simple moving average of $115.34. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. 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 posted its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. The company’s quarterly revenue was down 17.7% compared to the same quarter last year. Sell-side analysts predict that Jabil Inc. will post 7.84 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared 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. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Friday, November 15th. Jabil’s payout ratio is 2.90%.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Matthew Crowley sold 1,380 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. This represents a 6.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at $5,051,816.97. The trade was a 22.07 % 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. 2.62% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

JBL has been the subject of several recent research reports. Stifel Nicolaus boosted their target price on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Barclays upped their price target on shares of 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 upped their price target on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Jabil has an average rating of “Moderate Buy” and a consensus target price of $143.50.

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).