Point72 Hong Kong Ltd Acquires 5,715 Shares of Jabil Inc (NYSE:JBL)
Point72 Hong Kong Ltd raised its stake in shares of Jabil Inc (NYSE:JBL) by 492.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,876 shares of the technology company’s stock after buying an additional 5,715 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Jabil were worth $284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Jabil in the fourth quarter worth $51,000. Psagot Investment House Ltd. purchased a new position in Jabil during the third quarter valued at $53,000. Banque Cantonale Vaudoise purchased a new position in Jabil during the fourth quarter valued at $79,000. Advisory Services Network LLC grew its stake in Jabil by 72.5% during the fourth quarter. Advisory Services Network LLC now owns 2,135 shares of the technology company’s stock valued at $88,000 after acquiring an additional 897 shares in the last quarter. Finally, Orion Portfolio Solutions LLC bought a new stake in Jabil in the 4th quarter valued at $112,000. Hedge funds and other institutional investors own 90.50% of the company’s stock.
In other Jabil news, CEO Michael J. Loparco sold 3,000 shares of Jabil stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $43.00, for a total transaction of $129,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Sergio Cadavid sold 610 shares of Jabil stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $44.00, for a total transaction of $26,840.00. The disclosure for this sale can be found here. Insiders have sold 60,341 shares of company stock worth $2,494,657 over the last three months. 2.81% of the stock is currently owned by insiders.
JBL stock traded up $2.03 during trading on Thursday, hitting $25.66. 1,963,337 shares of the company’s stock traded hands, compared to its average volume of 1,693,370. Jabil Inc has a 52 week low of $17.63 and a 52 week high of $44.20. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 1.43 and a beta of 1.11. The business has a fifty day simple moving average of $31.75 and a 200 day simple moving average of $36.58. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.55 and a current ratio of 0.95.
Jabil (NYSE:JBL) last posted its earnings results on Friday, March 13th. The technology company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.17. The firm had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.19 billion. Jabil had a net margin of 0.51% and a return on equity of 9.34%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS. Research analysts forecast that Jabil Inc will post 1.29 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, February 14th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.32 annualized dividend and a yield of 1.25%. Jabil’s dividend payout ratio is currently 17.68%.
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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