Aptus Capital Advisors LLC Takes $211,000 Position in Jabil Inc. (NYSE:JBL)

Aptus Capital Advisors LLC acquired a new position in shares of Jabil Inc. (NYSE:JBL) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,757 shares of the technology company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cetera Investment Advisers increased its position in shares of Jabil by 141.7% during the first quarter. Cetera Investment Advisers now owns 17,350 shares of the technology company’s stock valued at $2,324,000 after acquiring an additional 10,173 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in Jabil by 239.2% in the 1st 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. CCM Investment Advisers LLC raised its position in Jabil by 6.0% in the second quarter. CCM Investment Advisers LLC now owns 149,208 shares of the technology company’s stock valued at $16,232,000 after purchasing an additional 8,405 shares during the period. Foster & Motley Inc. raised its position in Jabil by 8.7% in the third quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock valued at $6,252,000 after purchasing an additional 4,181 shares during the period. Finally, Comerica Bank lifted its stake in Jabil by 68.5% during the first quarter. Comerica Bank now owns 42,709 shares of the technology company’s stock worth $5,721,000 after purchasing an additional 17,355 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Trading Down 0.5 %

NYSE JBL opened at $128.26 on Friday. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94. The firm has a 50 day moving average of $121.26 and a two-hundred day moving average of $115.39. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $14.47 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24.

Jabil (NYSE:JBL) last issued its 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. 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 the consensus estimate of $6.59 billion. During the same quarter in the previous year, the firm posted $2.34 earnings per share. The company’s revenue was down 17.7% compared to the same quarter last year. As a group, research analysts expect that Jabil Inc. will post 7.84 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.25%. The ex-dividend date is Friday, November 15th. Jabil’s payout ratio is 2.90%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on JBL shares. Stifel Nicolaus boosted their price objective on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, September 27th. Barclays boosted their price target on shares of 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. dropped their price objective on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Finally, Bank of America increased their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.50.

Insider Activity at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total value of $474,800.00. Following the completion of the transaction, the executive vice president now owns 108,753 shares in the company, valued at $12,908,981.10. This represents a 3.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the sale, the senior vice president now owns 41,507 shares in the company, valued at $5,051,816.97. This trade represents a 22.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,689 shares of company stock valued at $5,377,431 over the last three months. 2.62% of the stock is owned by corporate insiders.

Jabil 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).