Jabil Inc (JBL) Shares Bought by Axa
Axa raised its holdings in Jabil Inc (NYSE:JBL) by 22.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 467,600 shares of the technology company’s stock after purchasing an additional 87,000 shares during the quarter. Axa owned 0.26% of Jabil worth $13,350,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. IHT Wealth Management LLC raised its position in Jabil by 142.6% in the second quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock valued at $159,000 after purchasing an additional 211 shares during the period. Advisor Group Inc. raised its position in Jabil by 68.2% in the second quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock valued at $168,000 after purchasing an additional 2,337 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Jabil by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock valued at $177,000 after purchasing an additional 547 shares during the period. Stevens Capital Management LP purchased a new stake in Jabil in the second quarter valued at $206,000. Finally, Bridgewater Associates LP purchased a new stake in Jabil in the second quarter valued at $219,000. Institutional investors own 94.81% of the company’s stock.
In related news, CEO Mark T. Mondello sold 30,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $29.02, for a total transaction of $870,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Erich Hoch sold 2,500 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $28.49, for a total value of $71,225.00. Following the transaction, the chief executive officer now directly owns 206,943 shares of the company’s stock, valued at $5,895,806.07. The disclosure for this sale can be found here. Insiders sold 147,680 shares of company stock valued at $4,204,246 over the last ninety days. Insiders own 2.60% of the company’s stock.
A number of research firms have commented on JBL. Needham & Company LLC restated a “buy” rating and issued a $37.00 target price on shares of Jabil in a research report on Friday, September 1st. ValuEngine upgraded Jabil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 7th. Goldman Sachs Group downgraded Jabil from a “neutral” rating to a “sell” rating and reduced their target price for the company from $28.00 to $26.00 in a research report on Tuesday, October 10th. Bank of America downgraded Jabil from a “buy” rating to a “neutral” rating in a research report on Monday, September 25th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Jabil presently has a consensus rating of “Hold” and an average target price of $31.67.
Shares of Jabil Inc (JBL) opened at $26.75 on Wednesday. Jabil Inc has a one year low of $22.78 and a one year high of $31.70. The company has a quick ratio of 0.50, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $4,768.04, a price-to-earnings ratio of 16.05, a PEG ratio of 1.01 and a beta of 0.55.
Jabil (NYSE:JBL) last issued its quarterly earnings data on Thursday, December 14th. The technology company reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.01. Jabil had a return on equity of 12.95% and a net margin of 0.54%. The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. sell-side analysts predict that Jabil Inc will post 2.22 EPS for the current fiscal year.
The company 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 of this dividend was Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.20%. Jabil’s payout ratio is presently 56.14%.
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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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