Huntington National Bank lowered its position in Jabil Inc (NYSE:JBL) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,146 shares of the technology company’s stock after selling 2,086 shares during the period. Huntington National Bank’s holdings in Jabil were worth $582,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of JBL. IHT Wealth Management LLC raised its position in shares of Jabil by 142.6% during the 2nd quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock worth $159,000 after purchasing an additional 211 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Jabil by 68.2% in the 2nd quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock valued at $168,000 after buying an additional 2,337 shares during the period. Alambic Investment Management L.P. purchased a new stake in shares of Jabil in the 4th quarter valued at approximately $215,000. ETRADE Capital Management LLC purchased a new position in shares of Jabil during the 3rd quarter worth approximately $238,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Jabil by 47.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,907 shares of the technology company’s stock worth $234,000 after purchasing an additional 2,853 shares during the period. Institutional investors and hedge funds own 97.92% of the company’s stock.
Shares of Jabil Inc (NYSE:JBL) traded down $0.04 during trading hours on Friday, hitting $26.42. 710,732 shares of the stock traded hands, compared to its average volume of 2,272,021. The company has a current ratio of 0.95, a quick ratio of 0.50 and a debt-to-equity ratio of 0.72. Jabil Inc has a 1-year low of $23.70 and a 1-year high of $31.70. The stock has a market capitalization of $4,650.00, a P/E ratio of 45.71, a price-to-earnings-growth ratio of 1.06 and a beta of 0.53.
Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, December 14th. The technology company reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.01. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Jabil had a net margin of 0.54% and a return on equity of 12.95%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.69 earnings per share. sell-side analysts forecast that Jabil Inc will post 2.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Wednesday, February 14th. Jabil’s payout ratio is currently 55.17%.
In related news, SVP Sergio Cadavid sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $28.50, for a total value of $342,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President William E. Peters sold 13,915 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $26.00, for a total transaction of $361,790.00. Following the completion of the sale, the president now owns 608,499 shares of the company’s stock, valued at $15,820,974. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,830 shares of company stock valued at $1,942,383. 2.60% of the stock is currently owned by company insiders.
A number of equities research analysts have issued reports on JBL shares. ValuEngine lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Monday, December 4th. Argus upgraded shares of Jabil from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Monday, December 18th. Raymond James Financial restated a “hold” rating on shares of Jabil in a report on Thursday, December 14th. Zacks Investment Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 28th. Finally, Goldman Sachs Group reduced their price objective on shares of Jabil to $24.00 and set a “sell” rating on the stock in a report on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Jabil presently has an average rating of “Hold” and an average price target of $32.27.
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Jabil Company 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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