DekaBank Deutsche Girozentrale Sells 704 Shares of Jabil Inc. (NYSE:JBL)

DekaBank Deutsche Girozentrale decreased its position in Jabil Inc. (NYSE:JBL) by 0.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 115,076 shares of the technology company’s stock after selling 704 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.10% of Jabil worth $14,003,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. HHM Wealth Advisors LLC bought a new position in shares of Jabil in the 2nd quarter worth approximately $28,000. ORG Partners LLC purchased a new stake in Jabil during the first quarter valued at approximately $29,000. Innealta Capital LLC bought a new position in Jabil in the second quarter worth approximately $31,000. Family Firm Inc. purchased a new position in shares of Jabil during the 2nd quarter worth $37,000. Finally, Matrix Trust Co grew its position in shares of Jabil by 135.4% during the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after acquiring an additional 214 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Stifel Nicolaus raised their target price 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 objective on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Bank of America increased their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Two 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, Jabil presently has an average rating of “Moderate Buy” and an average price target of $143.50.

Insider Buying and Selling

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 139,108 shares in the company, valued at $17,346,767.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the sale, the director now owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Matthew Crowley sold 2,271 shares of Jabil stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $123.54, for a total transaction of $280,559.34. Following the completion of the transaction, the executive vice president now directly owns 15,564 shares of the company’s stock, valued at $1,922,776.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,651 shares of company stock worth $3,423,005. Corporate insiders own 2.62% of the company’s stock.

Jabil Stock Up 0.1 %

NYSE JBL opened at $124.88 on Wednesday. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $156.94. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The stock has a market cap of $14.17 billion, a PE ratio of 11.33, a P/E/G ratio of 1.46 and a beta of 1.25. The stock’s 50 day moving average is $114.98 and its 200 day moving average is $114.64.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.59 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. Jabil’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.34 earnings per share. Research analysts predict that Jabil Inc. will post 7.84 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. Jabil’s dividend payout ratio (DPR) is 2.90%.

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).