Jabil Inc (JBL) Shares Sold by Nationwide Fund Advisors
Nationwide Fund Advisors reduced its holdings in Jabil Inc (NYSE:JBL) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 342,701 shares of the technology company’s stock after selling 3,782 shares during the quarter. Nationwide Fund Advisors owned about 0.19% of Jabil worth $9,784,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Jabil by 1.0% during the second quarter. Vanguard Group Inc. now owns 13,967,548 shares of the technology company’s stock valued at $407,712,000 after purchasing an additional 134,408 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Jabil by 5.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,951,206 shares of the technology company’s stock valued at $173,715,000 after purchasing an additional 309,380 shares in the last quarter. AJO LP boosted its holdings in Jabil by 7,383.3% during the second quarter. AJO LP now owns 3,512,607 shares of the technology company’s stock valued at $102,533,000 after purchasing an additional 3,465,668 shares in the last quarter. LSV Asset Management boosted its holdings in Jabil by 11.8% during the second quarter. LSV Asset Management now owns 3,071,682 shares of the technology company’s stock valued at $89,662,000 after purchasing an additional 323,845 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Jabil by 15.6% during the second quarter. Northern Trust Corp now owns 2,004,392 shares of the technology company’s stock valued at $58,508,000 after purchasing an additional 269,985 shares in the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.
In other Jabil news, President William E. Peters sold 3,580 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $28.74, for a total value of $102,889.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mark T. Mondello sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $29.02, for a total transaction of $870,600.00. The disclosure for this sale can be found here. Insiders sold 147,680 shares of company stock worth $4,204,246 in the last 90 days. Company insiders own 2.90% of the company’s stock.
Jabil Inc (NYSE:JBL) traded down $0.63 during trading on Thursday, reaching $27.56. 2,775,300 shares of the company’s stock traded hands, compared to its average volume of 1,895,081. The company has a market cap of $4,979.57, a PE ratio of 15.16, a P/E/G ratio of 1.06 and a beta of 0.55. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.54 and a current ratio of 0.96. Jabil Inc has a 52-week low of $20.44 and a 52-week high of $31.70.
Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, September 27th. The technology company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.86 billion. Jabil had a net margin of 0.68% and a return on equity of 14.47%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. equities analysts forecast that Jabil Inc will post 2.22 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were given 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 yield of 1.16%. Jabil’s dividend payout ratio is currently 46.38%.
A number of research analysts have recently issued reports on the stock. ValuEngine cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Monday. Zacks Investment Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. UBS reiterated a “buy” rating and issued a $35.00 target price on shares of Jabil in a research note on Tuesday, October 17th. Goldman Sachs Group cut shares of Jabil from a “neutral” rating to a “sell” rating and cut their target price for the company from $28.00 to $26.00 in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 target price on shares of Jabil in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $30.50.
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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