34,575 Shares in Jabil Inc. (NYSE:JBL) Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in Jabil Inc. (NYSE:JBL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 34,575 shares of the technology company’s stock, valued at approximately $4,143,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HHM Wealth Advisors LLC purchased a new position in Jabil during the second quarter valued at approximately $28,000. Innealta Capital LLC purchased a new position in shares of Jabil in the second quarter worth $31,000. Capital Performance Advisors LLP purchased a new position in shares of Jabil in the third quarter worth $32,000. Family Firm Inc. purchased a new position in shares of Jabil in the second quarter worth $37,000. Finally, Matrix Trust Co lifted its holdings in shares of Jabil by 135.4% in the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after buying an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the sale, the director now directly owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. This represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total transaction of $474,800.00. Following the sale, the executive vice president now directly owns 108,753 shares of the company’s stock, valued at approximately $12,908,981.10. The trade was a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,689 shares of company stock valued at $5,377,431. 2.62% of the stock is currently owned by insiders.

Jabil Trading Down 1.0 %

NYSE JBL opened at $132.70 on Wednesday. The company’s 50-day moving average price is $124.39 and its 200-day moving average price is $115.92. 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 stock has a market cap of $14.97 billion, a PE ratio of 12.04, a PEG ratio of 1.58 and a beta of 1.24. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $156.94.

Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping 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 company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.59 billion. During the same period in the prior year, the firm earned $2.34 earnings per share. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. Equities research analysts forecast that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Friday, November 15th. Jabil’s payout ratio is 2.90%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on JBL shares. Bank of America boosted their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays boosted their price target on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Stifel Nicolaus boosted their price target on shares of Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. reduced their price target 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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).