Jabil Inc. (NYSE:JBL) Shares Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC boosted its position in shares of Jabil Inc. (NYSE:JBL) by 9.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,731 shares of the technology company’s stock after buying an additional 3,731 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Jabil were worth $4,649,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Benjamin Edwards Inc. acquired a new stake in shares of Jabil during the first quarter worth $25,000. Activest Wealth Management acquired a new stake in Jabil in the 1st quarter valued at about $28,000. HHM Wealth Advisors LLC purchased a new position in shares of Jabil during the 2nd quarter worth approximately $28,000. ORG Partners LLC purchased a new stake in shares of Jabil in the first quarter valued at $29,000. Finally, Innealta Capital LLC purchased a new stake in shares of Jabil during the second quarter worth about $31,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Trading Up 2.0 %

Shares of Jabil stock opened at $105.90 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $156.94. The company’s fifty day simple moving average is $107.43 and its 200-day simple moving average is $118.82. The company has a market cap of $12.01 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 1.75 and a beta of 1.25.

Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, June 20th. The technology company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.04. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.53 billion. During the same period in the prior year, the company posted $1.85 EPS. The company’s revenue was down 20.2% compared to the same quarter last year. As a group, sell-side analysts expect that Jabil Inc. will post 7.86 EPS for the current year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were given a $0.08 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.30%. Jabil’s dividend payout ratio is presently 2.91%.

Insider Activity at Jabil

In other Jabil news, SVP May Yee Yap sold 4,274 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the transaction, the senior vice president now owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Frederic E. Mccoy sold 1,250 shares of Jabil stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $116.42, for a total value of $145,525.00. Following the transaction, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP May Yee Yap sold 4,274 shares of Jabil stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following the completion of the transaction, the senior vice president now owns 24,829 shares in the company, valued at approximately $2,905,986.16. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the company. JPMorgan Chase & Co. lowered their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Barclays lowered their price target on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Bank of America dropped their target price on Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, June 21st. Finally, UBS Group decreased their price objective on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.13.

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).