Jabil Inc. (NYSE:JBL) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its holdings in Jabil Inc. (NYSE:JBL) by 9.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 147,084 shares of the technology company’s stock after selling 15,001 shares during the quarter. Hsbc Holdings PLC owned 0.13% of Jabil worth $16,006,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Blair William & Co. IL raised its position in shares of Jabil by 24.1% during the 2nd quarter. Blair William & Co. IL now owns 6,274 shares of the technology company’s stock worth $683,000 after purchasing an additional 1,219 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Jabil by 2.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,856 shares of the technology company’s stock worth $2,106,000 after acquiring an additional 405 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Jabil by 26.3% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,425 shares of the technology company’s stock valued at $264,000 after purchasing an additional 505 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Jabil by 40.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,213 shares of the technology company’s stock worth $893,000 after purchasing an additional 2,383 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Jabil during the second quarter worth about $780,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Frederic E. Mccoy sold 1,250 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Frederic E. Mccoy sold 1,250 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $116.42, for a total transaction of $145,525.00. Following the completion of the transaction, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP May Yee Yap sold 4,274 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 24,829 shares in the company, valued at approximately $2,905,986.16. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. UBS Group lowered their price objective on Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. JPMorgan Chase & Co. cut their price objective on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Stifel Nicolaus reduced their target price on shares of Jabil from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, September 17th. Barclays dropped their price target on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, June 21st. Finally, Bank of America reduced their price target on shares of Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, June 21st. Two 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $139.88.

Jabil Stock Performance

NYSE:JBL opened at $113.96 on Monday. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. The company has a 50 day moving average price of $107.08 and a 200 day moving average price of $117.42. The stock has a market capitalization of $12.93 billion, a P/E ratio of 10.37, a PEG ratio of 1.75 and a beta of 1.25.

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

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.28%. The ex-dividend date was Thursday, August 15th. Jabil’s dividend payout ratio is currently 2.91%.

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).