Truist Financial Corp Has $1.28 Million Stock Position in Jabil Inc. (NYSE:JBL)

Truist Financial Corp decreased its position in Jabil Inc. (NYSE:JBL) by 55.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,791 shares of the technology company’s stock after selling 14,389 shares during the period. Truist Financial Corp’s holdings in Jabil were worth $1,283,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Czech National Bank raised its holdings in Jabil by 0.3% in the 1st quarter. Czech National Bank now owns 22,439 shares of the technology company’s stock valued at $3,006,000 after acquiring an additional 73 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Jabil by 15.3% in the 2nd quarter. GAMMA Investing LLC now owns 797 shares of the technology company’s stock worth $87,000 after buying an additional 106 shares in the last quarter. M&R Capital Management Inc. raised its holdings in shares of Jabil by 8.4% in the 2nd quarter. M&R Capital Management Inc. now owns 1,380 shares of the technology company’s stock worth $150,000 after buying an additional 107 shares in the last quarter. Gulf International Bank UK Ltd raised its holdings in shares of Jabil by 1.0% in the 1st quarter. Gulf International Bank UK Ltd now owns 10,743 shares of the technology company’s stock worth $1,439,000 after buying an additional 110 shares in the last quarter. Finally, Kathmere Capital Management LLC raised its holdings in shares of Jabil by 2.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 4,342 shares of the technology company’s stock worth $472,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the subject of a number of recent research reports. Bank of America increased their target price on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. JPMorgan Chase & Co. dropped their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. UBS Group decreased their price target on Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Barclays increased their price target on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Finally, Stifel Nicolaus increased 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. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Insider Transactions at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the transaction, the executive vice president now directly owns 108,753 shares in the company, valued at $12,908,981.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Frederic E. Mccoy sold 1,250 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the sale, the executive vice president now directly owns 108,753 shares in the company, valued at $12,908,981.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,524 shares of company stock worth $1,120,554 in the last three months. Insiders own 2.62% of the company’s stock.

Jabil Stock Up 1.1 %

Shares of JBL opened at $124.23 on Friday. The firm has a market capitalization of $14.09 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 1.46 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. The business’s fifty day moving average price is $109.79 and its two-hundred day moving average price is $115.76. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94.

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

Jabil Announces Dividend

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