Sigma Planning Corp Grows Holdings in Jabil Inc. (NYSE:JBL)

Sigma Planning Corp grew its position in shares of Jabil Inc. (NYSE:JBL) by 16.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,698 shares of the technology company’s stock after purchasing an additional 387 shares during the period. Sigma Planning Corp’s holdings in Jabil were worth $323,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of JBL. US Bancorp DE grew its stake in Jabil by 1.3% in the 1st quarter. US Bancorp DE now owns 14,579 shares of the technology company’s stock worth $1,953,000 after acquiring an additional 192 shares during the period. Bleakley Financial Group LLC boosted its holdings in shares of Jabil by 18.7% during the first quarter. Bleakley Financial Group LLC now owns 2,044 shares of the technology company’s stock worth $274,000 after purchasing an additional 322 shares during the last quarter. Blair William & Co. IL grew its position in shares of Jabil by 2.7% in the first quarter. Blair William & Co. IL now owns 5,055 shares of the technology company’s stock valued at $677,000 after purchasing an additional 134 shares during the period. Ontario Teachers Pension Plan Board purchased a new stake in shares of Jabil in the first quarter valued at $1,406,000. Finally, UniSuper Management Pty Ltd increased its stake in Jabil by 42.3% in the first quarter. UniSuper Management Pty Ltd now owns 22,430 shares of the technology company’s stock valued at $3,004,000 after purchasing an additional 6,672 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JBL. Barclays raised their price target on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. decreased their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Bank of America upped their price target on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Stifel Nicolaus increased their price target on shares of Jabil from $130.00 to $140.00 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

Insider Activity

In other news, SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the transaction, the senior vice president now directly owns 41,507 shares in the company, valued at approximately $5,051,816.97. This represents a 22.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction 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 sale, the director now directly owns 139,108 shares in the company, valued at $17,346,767.60. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,689 shares of company stock worth $5,377,431. 2.62% of the stock is currently owned by corporate insiders.

Jabil Trading Down 0.5 %

NYSE JBL opened at $128.26 on Friday. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.55 and a beta of 1.24. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. Jabil Inc. has a one year low of $95.85 and a one year high of $156.94. The company’s 50 day moving average price is $121.26 and its 200 day moving average price is $115.39.

Jabil (NYSE:JBL) last posted its 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. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same quarter in the previous year, the business posted $2.34 EPS. The business’s quarterly revenue was down 17.7% on a year-over-year basis. On average, sell-side analysts predict that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Friday, November 15th. Jabil’s payout ratio is 2.90%.

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).