6,635 Shares in Jabil Inc (JBL) Purchased by Premia Global Advisors LLC
Premia Global Advisors LLC purchased a new position in Jabil Inc (NYSE:JBL) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 6,635 shares of the technology company’s stock, valued at approximately $174,000.
Several other large investors also recently modified their holdings of JBL. Signition LP acquired a new stake in shares of Jabil in the 4th quarter worth approximately $202,000. Alambic Investment Management L.P. acquired a new stake in Jabil during the fourth quarter valued at approximately $215,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Jabil by 47.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,907 shares of the technology company’s stock valued at $234,000 after purchasing an additional 2,853 shares during the last quarter. ETRADE Capital Management LLC acquired a new stake in Jabil during the third quarter valued at approximately $238,000. Finally, American Century Companies Inc. acquired a new stake in Jabil during the third quarter valued at approximately $273,000. 99.65% of the stock is owned by institutional investors.
In other news, President William E. Peters sold 13,915 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $27.61, for a total transaction of $384,193.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 transaction of $342,000.00. The disclosure for this sale can be found here. Insiders have sold 53,745 shares of company stock worth $1,462,436 in the last 90 days. 2.60% of the stock is owned by company insiders.
Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, December 14th. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.01. Jabil had a net margin of 0.54% and a return on equity of 12.95%. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. analysts forecast that Jabil Inc will post 2.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.13%. Jabil’s dividend payout ratio is currently 56.14%.
JBL has been the subject of several recent research reports. Zacks Investment Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. ValuEngine lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 4th. Raymond James Financial reissued a “hold” rating on shares of Jabil in a research note on Thursday, December 14th. Argus raised shares of Jabil from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Monday, December 18th. Finally, Goldman Sachs Group cut their target price on shares of Jabil to $24.00 and set a “sell” rating for the company in a research note on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Jabil presently has a consensus rating of “Hold” and an average target price of $32.90.
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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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