Ameriprise Financial Inc. Has $16.70 Million Position in Jabil Inc (JBL)

Ameriprise Financial Inc. trimmed its position in shares of Jabil Inc (NYSE:JBL) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 584,857 shares of the technology company’s stock after selling 52,533 shares during the quarter. Ameriprise Financial Inc. owned 0.33% of Jabil worth $16,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBL. Schwab Charles Investment Management Inc. lifted its holdings in shares of Jabil by 3.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 744,390 shares of the technology company’s stock valued at $21,729,000 after buying an additional 25,047 shares during the period. Arizona State Retirement System lifted its holdings in shares of Jabil by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 76,900 shares of the technology company’s stock valued at $2,245,000 after buying an additional 1,100 shares during the period. LMR Partners LLP lifted its holdings in shares of Jabil by 219.9% during the 2nd quarter. LMR Partners LLP now owns 33,622 shares of the technology company’s stock valued at $981,000 after buying an additional 23,111 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Jabil by 29.3% during the 2nd quarter. SG Americas Securities LLC now owns 50,876 shares of the technology company’s stock valued at $1,485,000 after buying an additional 11,515 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Jabil by 5.0% during the 2nd quarter. Legal & General Group Plc now owns 914,334 shares of the technology company’s stock valued at $26,688,000 after buying an additional 43,628 shares during the period. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

In other Jabil news, President William E. Peters sold 3,580 shares of the stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $28.74, for a total value of $102,889.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark T. Mondello sold 30,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $29.02, for a total value of $870,600.00. The disclosure for this sale can be found here. Insiders sold a total of 147,680 shares of company stock valued at $4,204,246 over the last 90 days. 2.90% of the stock is currently owned by company insiders.

Shares of Jabil Inc (NYSE JBL) opened at $28.53 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $5,020.20, a price-to-earnings ratio of 15.28, a PEG ratio of 1.07 and a beta of 0.55. Jabil Inc has a 12 month low of $21.42 and a 12 month high of $31.70.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Wednesday, September 27th. The technology company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.86 billion. Jabil had a return on equity of 14.47% and a net margin of 0.68%. Jabil’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 EPS. research analysts anticipate that Jabil Inc will post 2.22 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were paid a $0.08 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.12%. Jabil’s dividend payout ratio (DPR) is 46.38%.

Several equities analysts have recently weighed in on JBL shares. Needham & Company LLC reissued a “buy” rating and set a $37.00 price target on shares of Jabil in a report on Friday, September 1st. ValuEngine raised Jabil from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 7th. Bank of America cut Jabil from a “buy” rating to a “neutral” rating in a report on Monday, September 25th. They noted that the move was a valuation call. Citigroup reissued a “sell” rating and set a $28.00 price target on shares of Jabil in a report on Thursday, September 28th. Finally, J P Morgan Chase & Co reissued a “buy” rating and set a $40.00 price target on shares of Jabil in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $30.50.

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Jabil Profile

Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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