Point72 Asia Singapore Pte. Ltd. Purchases New Holdings in Jabil Inc. (NYSE:JBL)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Jabil Inc. (NYSE:JBL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 24,549 shares of the technology company’s stock, valued at approximately $2,671,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Jabil by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company’s stock worth $1,919,948,000 after acquiring an additional 1,427,429 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Jabil in the 2nd quarter worth approximately $78,660,000. Artisan Partners Limited Partnership lifted its stake in Jabil by 36.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,339,559 shares of the technology company’s stock valued at $170,660,000 after purchasing an additional 359,818 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Jabil by 29.0% during the second quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock valued at $150,463,000 after purchasing an additional 310,590 shares during the period. Finally, Westfield Capital Management Co. LP bought a new position in Jabil during the first quarter valued at $39,040,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Stock Down 0.2 %

Shares of NYSE JBL opened at $112.86 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26. The business has a 50-day moving average of $106.93 and a 200-day moving average of $116.86. The firm has a market capitalization of $12.80 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 2.23 and a beta of 1.25. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $156.94.

Jabil Dividend Announcement

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

Insider Buying and Selling at Jabil

In other news, SVP May Yee Yap sold 4,274 shares of the stock in a transaction dated 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 directly owns 24,829 shares in the company, valued at approximately $2,905,986.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $116.42, for a total transaction of $145,525.00. Following the completion of the sale, the executive vice president now directly owns 112,753 shares in the company, valued at $13,126,704.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP May Yee Yap sold 4,274 shares of Jabil stock in a transaction dated Tuesday, July 16th. The stock was 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. Company insiders own 2.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on JBL shares. 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 research report on Tuesday, September 3rd. UBS Group dropped their price objective on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. Barclays reduced their target price 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. Bank of America lowered 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. Finally, Stifel Nicolaus cut their price objective on shares of Jabil from $135.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, September 17th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $139.88.

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).