Toronto Dominion Bank Purchases 1,146 Shares of Jabil Inc. (NYSE:JBL)

Toronto Dominion Bank lifted its position in shares of Jabil Inc. (NYSE:JBL) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,906 shares of the technology company’s stock after purchasing an additional 1,146 shares during the quarter. Toronto Dominion Bank’s holdings in Jabil were worth $5,022,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its holdings in Jabil by 89.6% in the 2nd quarter. Blue Trust Inc. now owns 1,936 shares of the technology company’s stock valued at $211,000 after buying an additional 915 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Jabil during the 2nd quarter valued at about $624,000. Sara Bay Financial increased its stake in Jabil by 20.1% in the second quarter. Sara Bay Financial now owns 13,195 shares of the technology company’s stock valued at $1,435,000 after acquiring an additional 2,210 shares during the period. Neo Ivy Capital Management acquired a new position in Jabil in the second quarter worth about $4,037,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Jabil during the second quarter worth about $1,381,000. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Performance

Shares of NYSE:JBL opened at $135.13 on Friday. The business has a fifty day moving average of $129.51 and a 200-day moving average of $117.56. 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 twelve month low of $95.85 and a twelve month high of $156.94. The firm has a market cap of $15.25 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.57 and a beta of 1.25.

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, beating 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 firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. During the same quarter last year, the company posted $2.34 EPS. The company’s quarterly revenue was down 17.7% compared to the same quarter last year. On average, equities research analysts predict that Jabil Inc. will post 7.89 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Friday, November 15th. Jabil’s dividend payout ratio is 2.90%.

Analysts Set New Price Targets

JBL has been the subject of a number of recent research reports. Bank of America increased their target price on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays increased their price objective on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. reduced their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. StockNews.com upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, Stifel Nicolaus boosted their price target on shares of Jabil from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.17.

Insider Buying and Selling at Jabil

In other news, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 value 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 approximately $2,336,411.44. The trade was a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,689 shares of company stock worth $5,377,431. Insiders own 2.62% of the company’s stock.

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).