Private Advisor Group LLC Acquires 120 Shares of Jabil Inc. (NYSE:JBL)

Private Advisor Group LLC increased its position in shares of Jabil Inc. (NYSE:JBL) by 4.9% during the third quarter, Holdings Channel reports. The institutional investor owned 2,578 shares of the technology company’s stock after purchasing an additional 120 shares during the quarter. Private Advisor Group LLC’s holdings in Jabil were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. HHM Wealth Advisors LLC bought a new stake in shares of Jabil in the 2nd quarter valued at approximately $28,000. ORG Partners LLC acquired a new stake in Jabil in the 1st quarter valued at $29,000. Innealta Capital LLC acquired a new stake in Jabil in the 2nd quarter valued at $31,000. Family Firm Inc. bought a new stake in Jabil in the second quarter valued at $37,000. Finally, Matrix Trust Co raised its stake in Jabil by 135.4% during the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after acquiring an additional 214 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Activity

In related news, EVP Frederic E. Mccoy sold 4,283 shares of Jabil stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $122.28, for a total transaction of $523,725.24. Following the completion of the sale, the executive vice president now directly owns 142,472 shares of the company’s stock, valued at $17,421,476.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Frederic E. Mccoy sold 4,283 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $122.28, for a total value of $523,725.24. Following the sale, the executive vice president now directly owns 142,472 shares in the company, valued at $17,421,476.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,689 shares of company stock valued at $5,377,431 in the last 90 days. 2.62% of the stock is owned by company insiders.

Jabil Price Performance

Jabil stock opened at $137.77 on Thursday. The business’s 50-day simple moving average is $116.78 and its 200 day simple moving average is $114.55. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market cap of $15.55 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 1.50 and a beta of 1.24. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $156.94.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.08. The company had revenue of $6.96 billion for 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%. The company’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.34 EPS. As a group, research analysts anticipate that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Friday, November 15th. Jabil’s payout ratio is 2.90%.

Analyst Upgrades and Downgrades

JBL has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Barclays lifted their price target on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Stifel Nicolaus increased their price objective on shares of Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Bank of America boosted their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.50.

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).