Radnor Capital Management LLC Purchases 260 Shares of Jabil Inc. (NYSE:JBL)

Radnor Capital Management LLC grew its holdings in shares of Jabil Inc. (NYSE:JBL) by 10.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,815 shares of the technology company’s stock after buying an additional 260 shares during the period. Radnor Capital Management LLC’s holdings in Jabil were worth $377,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Paralel Advisors LLC increased its position in Jabil by 1.2% during the 3rd quarter. Paralel Advisors LLC now owns 21,693 shares of the technology company’s stock valued at $2,753,000 after buying an additional 247 shares in the last quarter. Prudential PLC increased its holdings in shares of Jabil by 22.4% during the third quarter. Prudential PLC now owns 3,208 shares of the technology company’s stock valued at $407,000 after acquiring an additional 587 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Jabil in the 3rd quarter worth about $466,000. Envestnet Asset Management Inc. boosted its stake in Jabil by 11.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 80,467 shares of the technology company’s stock worth $10,211,000 after purchasing an additional 8,135 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in Jabil by 58.1% during the 3rd quarter. Hsbc Holdings PLC now owns 29,684 shares of the technology company’s stock valued at $3,763,000 after purchasing an additional 10,905 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Trading Down 0.0 %

Jabil stock opened at $113.18 on Monday. The business has a 50-day simple moving average of $119.16 and a two-hundred day simple moving average of $128.15. The company has a quick ratio of 0.72, a current ratio of 1.13 and a debt-to-equity ratio of 1.26. The company has a market cap of $13.65 billion, a P/E ratio of 10.30, a P/E/G ratio of 1.40 and a beta of 1.35. Jabil Inc. has a 52-week low of $100.18 and a 52-week high of $156.94.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share (EPS) 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 business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.53 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. Jabil’s revenue for the quarter was down 20.2% on a year-over-year basis. Analysts predict that Jabil Inc. will post 7.74 EPS for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Tuesday, May 14th. Jabil’s dividend payout ratio is currently 2.91%.

Insiders Place Their Bets

In related news, EVP Gerald Creadon sold 3,000 shares of Jabil stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the sale, the executive vice president now owns 65,434 shares of the company’s stock, valued at approximately $8,874,159.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the transaction, the chief executive officer now owns 339,725 shares in the company, valued at approximately $45,591,095. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gerald Creadon sold 3,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the completion of the sale, the executive vice president now owns 65,434 shares in the company, valued at approximately $8,874,159.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,877 shares of company stock worth $3,519,883. Corporate insiders own 2.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Barclays decreased their target price on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a report on Friday. The Goldman Sachs Group upped their price objective on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Bank of America reduced their target price on Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a report on Friday. JPMorgan Chase & Co. lowered their price target on Jabil from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, June 17th. Finally, StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $142.63.

Jabil Company 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).