NumerixS Investment Technologies Inc purchased a new stake in Jabil Inc (NYSE:JBL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,100 shares of the technology company’s stock, valued at approximately $345,000.
Several other large investors have also bought and sold shares of JBL. IMS Capital Management bought a new stake in shares of Jabil in the 3rd quarter valued at about $31,000. Penserra Capital Management LLC bought a new stake in shares of Jabil in the 4th quarter valued at about $34,000. Mackey Komara & Dankovich LLC bought a new stake in shares of Jabil in the 4th quarter valued at about $38,000. Oregon Public Employees Retirement Fund raised its holdings in shares of Jabil by 2,076.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,511,446 shares of the technology company’s stock valued at $61,000 after purchasing an additional 1,441,988 shares in the last quarter. Finally, Doyle Wealth Management bought a new stake in shares of Jabil in the 4th quarter valued at about $73,000. Institutional investors and hedge funds own 92.21% of the company’s stock.
Several equities research analysts have recently commented on JBL shares. TheStreet upgraded shares of Jabil from a “c+” rating to a “b” rating in a report on Monday, February 25th. Zacks Investment Research upgraded shares of Jabil from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, January 9th. Goldman Sachs Group upgraded shares of Jabil from a “sell” rating to a “neutral” rating and set a $25.00 price objective for the company in a research note on Sunday, November 11th. Wolfe Research assumed coverage on shares of Jabil in a research note on Tuesday, December 11th. They set a “market perform” rating for the company. Finally, ValuEngine lowered shares of Jabil from a “hold” rating to a “sell” rating in a research note on Monday, November 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $28.20.
In related news, Director Thomas A. Sansone sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $28.50, for a total transaction of $427,500.00. Following the completion of the transaction, the director now owns 192,988 shares in the company, valued at approximately $5,500,158. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kenneth S. Wilson sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $24.30, for a total transaction of $145,800.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,022 shares of company stock valued at $1,125,766. 2.90% of the stock is currently owned by company insiders.
NYSE JBL opened at $27.02 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.02 and a quick ratio of 0.62. The company has a market cap of $4.52 billion, a P/E ratio of 12.45, a PEG ratio of 0.99 and a beta of 0.60. Jabil Inc has a 52 week low of $21.49 and a 52 week high of $31.77.
Jabil (NYSE:JBL) last posted its quarterly earnings data on Tuesday, December 18th. The technology company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.69 by $0.21. The firm had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.05 billion. Jabil had a net margin of 0.63% and a return on equity of 19.52%. During the same quarter in the previous year, the business posted $0.80 EPS. Research analysts forecast that Jabil Inc will post 2.45 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.18%. Jabil’s dividend payout ratio (DPR) is presently 14.75%.
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Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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).
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