Sanctuary Advisors LLC Makes New Investment in Jabil Inc. (NYSE:JBL)

Sanctuary Advisors LLC bought a new position in shares of Jabil Inc. (NYSE:JBL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 45,528 shares of the technology company’s stock, valued at approximately $5,385,000.

Several other institutional investors also recently bought and sold shares of the stock. Cetera Investment Advisers raised its stake in shares of Jabil by 141.7% in the 1st quarter. Cetera Investment Advisers now owns 17,350 shares of the technology company’s stock valued at $2,324,000 after acquiring an additional 10,173 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in 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 purchasing an additional 76,573 shares during the last quarter. Tobam acquired a new stake in shares of Jabil in the first quarter worth $1,692,000. BNP Paribas Financial Markets boosted its holdings in shares of Jabil by 222.8% during the 1st quarter. BNP Paribas Financial Markets now owns 132,346 shares of the technology company’s stock worth $17,728,000 after buying an additional 91,347 shares during the period. Finally, CreativeOne Wealth LLC grew its stake in Jabil by 239.2% in the 1st quarter. CreativeOne Wealth LLC now owns 10,116 shares of the technology company’s stock valued at $1,355,000 after buying an additional 7,134 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Up 1.5 %

NYSE JBL opened at $121.66 on Friday. The stock’s 50 day simple moving average is $108.04 and its 200 day simple moving average is $116.09. Jabil Inc. has a one year low of $95.85 and a one year high of $156.94. The firm has a market cap of $13.80 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.22 by $0.08. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The company had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.59 billion. During the same quarter in the prior year, the business earned $2.34 earnings per share. The business’s revenue for the quarter was down 17.7% on a year-over-year basis. As a group, sell-side analysts forecast that Jabil Inc. will post 7.85 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. Jabil’s dividend payout ratio (DPR) is currently 2.91%.

Insider Activity at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the company’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 transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a 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 dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP May Yee Yap sold 4,274 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were 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 in the company, valued at approximately $2,905,986.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,524 shares of company stock valued at $1,120,554 over the last quarter. Corporate insiders own 2.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JBL. UBS Group decreased their price target 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. Bank of America increased their target price on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Stifel Nicolaus lifted their price target on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Barclays increased their price objective on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and an average target price of $145.86.

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).