Two Sigma Advisers LP Purchases 580,100 Shares of Jabil Inc. (NYSE:JBL)

Two Sigma Advisers LP lifted its position in Jabil Inc. (NYSE:JBL) by 406.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 722,800 shares of the technology company’s stock after acquiring an additional 580,100 shares during the quarter. Two Sigma Advisers LP’s holdings in Jabil were worth $86,613,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. HHM Wealth Advisors LLC bought a new stake in shares of Jabil during the 2nd quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new position in shares of Jabil in the third quarter worth about $32,000. Innealta Capital LLC purchased a new position in Jabil in the 2nd quarter worth about $31,000. Brooklyn Investment Group purchased a new stake in Jabil in the 3rd quarter valued at about $39,000. Finally, Family Firm Inc. bought a new stake in shares of Jabil during the second quarter valued at approximately $37,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JBL has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their target price on Jabil from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America increased their price objective on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. StockNews.com upgraded Jabil from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. cut 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. Finally, Barclays increased their price target on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Jabil has an average rating of “Moderate Buy” and an average price target of $145.17.

Insider Buying and Selling at Jabil

In other news, EVP Matthew Crowley sold 1,380 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was 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 owns 18,568 shares of the company’s stock, valued at $2,336,411.44. The trade was a 6.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s 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 sale, the executive vice president now directly owns 108,753 shares in the company, valued at approximately $12,908,981.10. This trade represents a 3.55 % 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. Company insiders own 2.62% of the company’s stock.

Jabil Trading Down 0.5 %

NYSE JBL opened at $135.81 on Friday. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $156.94. The company has a fifty day simple moving average of $127.84 and a two-hundred day simple moving average of $116.94. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The stock has a market cap of $15.33 billion, a P/E ratio of 12.32, a P/E/G ratio of 1.60 and a beta of 1.25.

Jabil (NYSE:JBL) last issued its quarterly 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. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm’s revenue was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.34 EPS. On average, analysts forecast that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Dividend Announcement

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