Cynosure Group LLC Invests $395,000 in Jabil Inc. (NYSE:JBL)

Cynosure Group LLC bought a new stake in shares of Jabil Inc. (NYSE:JBL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,300 shares of the technology company’s stock, valued at approximately $395,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC purchased a new position in shares of Jabil in the 2nd quarter worth approximately $28,000. Capital Performance Advisors LLP purchased a new position in Jabil in the third quarter worth $32,000. Innealta Capital LLC acquired a new position in shares of Jabil during the second quarter worth $31,000. Brooklyn Investment Group acquired a new position in shares of Jabil during the third quarter worth $39,000. Finally, Family Firm Inc. purchased a new stake in shares of Jabil during the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JBL. StockNews.com raised Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Barclays lifted their target price 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. Bank of America raised their price target on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.

Jabil Price Performance

NYSE:JBL opened at $133.35 on Thursday. The firm’s fifty day moving average is $124.91 and its two-hundred day moving average is $116.03. The firm has a market cap of $15.05 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.58 and a beta of 1.24. 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 one year low of $95.85 and a one year high of $156.94.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, topping 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 firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same period last year, the company earned $2.34 earnings per share. Jabil’s revenue for the quarter was down 17.7% compared to the same quarter last year. Research analysts expect that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be issued 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 is Friday, November 15th. Jabil’s dividend payout ratio (DPR) is presently 2.90%.

Insider Activity at Jabil

In other Jabil 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 sale, the director now directly owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. This trade represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the transaction, the executive vice president now directly owns 108,753 shares of the company’s stock, valued at approximately $12,908,981.10. The trade was a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,689 shares of company stock worth $5,377,431. 2.62% of the stock is owned by company insiders.

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).