Thrivent Financial for Lutherans Has $7.96 Million Stake in Jabil Inc. (NYSE:JBL)

Thrivent Financial for Lutherans lifted its stake in Jabil Inc. (NYSE:JBL) by 35.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,200 shares of the technology company’s stock after purchasing an additional 19,011 shares during the period. Thrivent Financial for Lutherans’ holdings in Jabil were worth $7,964,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of JBL. Pacer Advisors Inc. raised its position in shares of Jabil by 17.9% during the second quarter. Pacer Advisors Inc. now owns 17,863 shares of the technology company’s stock worth $1,943,000 after acquiring an additional 2,711 shares during the last quarter. AE Wealth Management LLC increased its position in Jabil by 260.4% in the second quarter. AE Wealth Management LLC now owns 6,084 shares of the technology company’s stock worth $662,000 after purchasing an additional 4,396 shares during the period. Canada Pension Plan Investment Board raised its holdings in Jabil by 129.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 59,000 shares of the technology company’s stock worth $6,419,000 after purchasing an additional 33,256 shares during the last quarter. XTX Topco Ltd acquired a new position in Jabil during the 2nd quarter valued at about $1,874,000. Finally, Blair William & Co. IL lifted its position in Jabil by 24.1% during the 2nd quarter. Blair William & Co. IL now owns 6,274 shares of the technology company’s stock valued at $683,000 after purchasing an additional 1,219 shares during the period. Institutional investors own 93.39% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the transaction, the executive vice president now owns 112,753 shares in the company, valued at $13,126,704.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total transaction of $145,525.00. Following the completion of the transaction, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $500,228.96. Following the transaction, the senior vice president now owns 24,829 shares of the company’s stock, valued at $2,905,986.16. The disclosure for this sale can be found here. Corporate insiders own 2.62% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Jabil from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, September 17th. Bank of America cut their price target on Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, June 21st. Barclays decreased their price objective on Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, June 21st. UBS Group cut their target price on Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Finally, JPMorgan Chase & Co. decreased their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $139.88.

Jabil Stock Up 11.7 %

Shares of Jabil stock opened at $126.65 on Friday. The company has a market capitalization of $14.37 billion, a P/E ratio of 11.52, 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. The business has a 50-day moving average of $107.19 and a two-hundred day moving average of $116.90. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $156.94.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were paid a dividend of $0.08 per share. 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 0.25%. Jabil’s payout ratio is 2.91%.

About Jabil

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).