Jabil Inc. (NYSE:JBL) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd grew its position in shares of Jabil Inc. (NYSE:JBL) by 46.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,305 shares of the technology company’s stock after purchasing an additional 8,082 shares during the period. XTX Topco Ltd’s holdings in Jabil were worth $3,032,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers boosted its holdings in Jabil by 141.7% during the 1st 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 period. GAMMA Investing LLC boosted its stake in shares of Jabil by 15.3% in the second quarter. GAMMA Investing LLC now owns 797 shares of the technology company’s stock valued at $87,000 after purchasing an additional 106 shares during the period. CWM LLC grew its holdings in shares of Jabil by 104.9% in the second quarter. CWM LLC now owns 5,591 shares of the technology company’s stock valued at $608,000 after purchasing an additional 2,863 shares in the last quarter. Simplicity Wealth LLC increased its stake in Jabil by 15.7% during the 2nd quarter. Simplicity Wealth LLC now owns 2,365 shares of the technology company’s stock worth $257,000 after buying an additional 321 shares during the period. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in Jabil during the 2nd quarter worth approximately $203,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Matthew Crowley sold 1,380 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $125.83, for a total transaction of $173,645.40. Following the completion of the sale, the executive vice president now owns 18,568 shares in the company, valued at $2,336,411.44. This represents a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction 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 represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,689 shares of company stock valued at $5,377,431. 2.62% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on JBL shares. Bank of America boosted their price target on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. lowered their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Stifel Nicolaus increased their price target on Jabil from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday. StockNews.com raised Jabil from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, Barclays upped 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. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.17.

Jabil Trading Down 0.1 %

NYSE:JBL opened at $135.64 on Friday. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $156.94. The stock has a market cap of $15.31 billion, a P/E ratio of 12.31, a P/E/G ratio of 1.61 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. The stock has a 50-day simple moving average of $128.11 and a 200-day simple moving average of $117.05.

Jabil (NYSE:JBL) last posted its earnings results 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. The firm 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 business earned $2.34 earnings per share. As a group, analysts anticipate that Jabil Inc. will post 7.84 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil’s dividend payout ratio (DPR) is presently 2.90%.

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).