Measured Wealth Private Client Group LLC Has $480,000 Holdings in Jabil Inc. (NYSE:JBL)

Measured Wealth Private Client Group LLC lessened its position in Jabil Inc. (NYSE:JBL) by 10.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 4,003 shares of the technology company’s stock after selling 492 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Jabil were worth $480,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of JBL. Wealth Enhancement Advisory Services LLC boosted its position in shares of Jabil by 4.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,514 shares of the technology company’s stock valued at $1,810,000 after buying an additional 561 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Jabil by 30.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 331,373 shares of the technology company’s stock valued at $44,387,000 after buying an additional 76,573 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of Jabil by 10.7% during the first quarter. First Trust Direct Indexing L.P. now owns 2,044 shares of the technology company’s stock valued at $274,000 after buying an additional 198 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Jabil by 27.3% during the first quarter. Sequoia Financial Advisors LLC now owns 3,635 shares of the technology company’s stock valued at $487,000 after buying an additional 780 shares during the last quarter. Finally, Smith Group Asset Management LLC boosted its position in shares of Jabil by 12.4% during the first quarter. Smith Group Asset Management LLC now owns 176,070 shares of the technology company’s stock valued at $23,585,000 after buying an additional 19,482 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Activity at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of the business’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 sale, the director now directly owns 139,108 shares in the company, valued at approximately $17,346,767.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 139,108 shares in the company, valued at $17,346,767.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matthew Crowley sold 1,380 shares of the business’s 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 transaction, 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,651 shares of company stock worth $3,423,005. 2.62% of the stock is owned by company insiders.

Jabil Stock Performance

NYSE:JBL opened at $123.98 on Thursday. 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 52-week low of $95.85 and a 52-week high of $156.94. The firm has a market cap of $14.06 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.46 and a beta of 1.25. The business’s fifty day moving average is $115.28 and its 200 day moving average is $114.70.

Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same period in the previous year, the company posted $2.34 EPS. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. Research analysts predict that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. Jabil’s payout ratio is 2.90%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on JBL shares. Stifel Nicolaus lifted their price target on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays lifted their price target on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. JPMorgan Chase & Co. dropped their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Finally, Bank of America lifted their price target on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

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).