Jabil Inc. (NYSE:JBL) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its stake in Jabil Inc. (NYSE:JBL) by 0.9% in the third quarter, HoldingsChannel reports. The fund owned 96,486 shares of the technology company’s stock after selling 917 shares during the quarter. Natixis Advisors LLC’s holdings in Jabil were worth $11,562,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of JBL. Empirical Finance LLC raised its position in shares of Jabil by 5.6% during the third quarter. Empirical Finance LLC now owns 5,641 shares of the technology company’s stock worth $676,000 after purchasing an additional 297 shares during the period. Empowered Funds LLC lifted its stake in Jabil by 11.8% during the third quarter. Empowered Funds LLC now owns 145,682 shares of the technology company’s stock valued at $17,457,000 after buying an additional 15,413 shares in the last quarter. Royce & Associates LP boosted its stake in Jabil by 1.1% in the 3rd quarter. Royce & Associates LP now owns 74,020 shares of the technology company’s stock worth $8,870,000 after purchasing an additional 786 shares during the period. CIBC Asset Management Inc raised its position in Jabil by 2.8% during the third quarter. CIBC Asset Management Inc now owns 16,689 shares of the technology company’s stock valued at $2,000,000 after buying an additional 462 shares during the period. Finally, ING Groep NV grew its holdings in shares of Jabil by 71.2% during the 3rd quarter. ING Groep NV now owns 80,872 shares of the technology company’s stock valued at $9,691,000 after acquiring an additional 33,644 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. 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. Bank of America boosted their price target on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Stifel Nicolaus raised 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Jabil has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Jabil Price Performance

Shares of JBL opened at $128.18 on Thursday. 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 company’s fifty day simple moving average is $122.79 and its 200 day simple moving average is $115.65. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.51 and a beta of 1.24. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $156.94.

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

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. Jabil’s payout ratio is 2.90%.

Insider Transactions at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the transaction, the senior vice president now owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. This represents a 22.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,689 shares of company stock valued at $5,377,431. Company insiders own 2.62% of the company’s stock.

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).