Hunter Associates Investment Management LLC Grows Stock Holdings in Jabil Inc. (NYSE:JBL)

Hunter Associates Investment Management LLC lifted its position in shares of Jabil Inc. (NYSE:JBLFree Report) by 10.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,569 shares of the technology company’s stock after acquiring an additional 928 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Jabil were worth $1,217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in JBL. Bessemer Group Inc. boosted its holdings in Jabil by 87.2% during the second quarter. Bessemer Group Inc. now owns 234 shares of the technology company’s stock worth $26,000 after buying an additional 109 shares in the last quarter. Amundi boosted its holdings in Jabil by 419.8% during the fourth quarter. Amundi now owns 421 shares of the technology company’s stock worth $32,000 after buying an additional 340 shares in the last quarter. Zions Bancorporation N.A. purchased a new stake in Jabil during the first quarter worth about $40,000. ST Germain D J Co. Inc. purchased a new stake in Jabil during the second quarter worth about $41,000. Finally, Natixis purchased a new stake in Jabil during the fourth quarter worth about $44,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director David M. Stout sold 31,300 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $123.12, for a total value of $3,853,656.00. Following the completion of the transaction, the director now directly owns 67,300 shares in the company, valued at $8,285,976. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Gerald Creadon sold 4,000 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $127.94, for a total value of $511,760.00. Following the completion of the transaction, the executive vice president now directly owns 68,434 shares in the company, valued at $8,755,445.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David M. Stout sold 31,300 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the transaction, the director now owns 67,300 shares in the company, valued at $8,285,976. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,658 shares of company stock worth $7,011,771. 2.62% of the stock is currently owned by company insiders.

Jabil Stock Performance

NYSE:JBL opened at $139.77 on Monday. The firm has a 50 day simple moving average of $126.49 and a 200-day simple moving average of $121.26. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.12 and a quick ratio of 0.73. The firm has a market cap of $17.83 billion, a PE ratio of 23.85, a P/E/G ratio of 1.37 and a beta of 1.40. Jabil Inc. has a 1-year low of $74.16 and a 1-year high of $141.38.

Jabil (NYSE:JBLGet Free Report) last posted its quarterly earnings data on Thursday, December 14th. The technology company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.02. The business had revenue of $8.39 billion during the quarter, compared to analyst estimates of $8.35 billion. Jabil had a net margin of 2.36% and a return on equity of 41.09%. The company’s revenue was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.61 earnings per share. On average, equities analysts expect that Jabil Inc. will post 8.49 EPS for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 4th. Stockholders of record on Thursday, February 15th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. Jabil’s dividend payout ratio (DPR) is presently 5.46%.

Wall Street Analyst Weigh In

Several analysts have issued reports on JBL shares. Stifel Nicolaus upped their price target on shares of Jabil from $135.00 to $140.00 and gave the company a “buy” rating in a report on Friday, December 15th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. JPMorgan Chase & Co. reduced their price target on shares of Jabil from $150.00 to $146.00 and set an “overweight” rating on the stock in a report on Wednesday, November 29th. Finally, Barclays reduced their price target on shares of Jabil from $153.00 to $151.00 and set an “overweight” rating on the stock in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Jabil presently has an average rating of “Buy” and a consensus price target of $135.88.

Check Out Our Latest Stock Report on JBL

Jabil Profile

(Free Report)

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; 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).

See Also

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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