Thrivent Financial for Lutherans Has $6.70 Million Stock Holdings in Jabil Inc. (NYSE:JBL)

Thrivent Financial for Lutherans lowered its stake in Jabil Inc. (NYSE:JBL) by 23.6% during the third quarter, Holdings Channel.com reports. The fund owned 55,943 shares of the technology company’s stock after selling 17,257 shares during the period. Thrivent Financial for Lutherans’ holdings in Jabil were worth $6,704,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. HHM Wealth Advisors LLC bought a new stake in shares of Jabil during the 2nd quarter worth approximately $28,000. Innealta Capital LLC acquired a new position in Jabil during the second quarter worth $31,000. Capital Performance Advisors LLP bought a new stake in Jabil during the third quarter worth $32,000. Family Firm Inc. acquired a new stake in Jabil in the second quarter valued at $37,000. Finally, Matrix Trust Co grew its position in shares of Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after acquiring an additional 214 shares during the period. Institutional investors own 93.39% of the company’s stock.

Jabil Trading Up 0.4 %

JBL stock opened at $131.12 on Friday. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94. The company has a market capitalization of $14.80 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The company’s 50-day simple moving average is $123.82 and its 200 day simple moving average is $115.83. 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 (NYSE:JBL) last posted its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter in the previous year, the firm posted $2.34 EPS. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Announces Dividend

The business 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 is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. Jabil’s dividend payout ratio (DPR) is presently 2.90%.

Insider Buying and Selling at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $124.70, for a total value of $2,494,000.00. Following the transaction, the director now directly owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This trade represents a 12.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matthew Crowley sold 1,380 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $125.83, for a total transaction of $173,645.40. Following the sale, the executive vice president now directly owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. This trade represents a 6.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,689 shares of company stock valued at $5,377,431 in the last three months. Corporate insiders own 2.62% of the company’s stock.

Analysts Set New Price Targets

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

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).