Darwin Wealth Management LLC Acquires Shares of 1,634 Jabil Inc. (NYSE:JBL)

Darwin Wealth Management LLC acquired a new stake in shares of Jabil Inc. (NYSE:JBL) during the third quarter, Holdings Channel reports. The fund acquired 1,634 shares of the technology company’s stock, valued at approximately $196,000.

Other large investors have also recently added to or reduced their stakes in the company. Blair William & Co. IL increased its holdings in shares of Jabil by 2.7% in the 1st quarter. Blair William & Co. IL now owns 5,055 shares of the technology company’s stock worth $677,000 after acquiring an additional 134 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Jabil by 0.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 61,616 shares of the technology company’s stock worth $8,254,000 after buying an additional 555 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Jabil during the first quarter worth approximately $173,000. CreativeOne Wealth LLC boosted its holdings in shares of Jabil by 239.2% during the first quarter. CreativeOne Wealth LLC now owns 10,116 shares of the technology company’s stock worth $1,355,000 after purchasing an additional 7,134 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Jabil by 12.2% during the first quarter. Advisors Asset Management Inc. now owns 12,439 shares of the technology company’s stock worth $1,666,000 after purchasing an additional 1,355 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Insider Activity at Jabil

In related news, SVP Francis Mckay sold 11,755 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the sale, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. This represents a 22.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the transaction, the director now directly owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,689 shares of company stock worth $5,377,431 in the last ninety days. Company insiders own 2.62% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on JBL. JPMorgan Chase & Co. decreased their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Barclays lifted their target price on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Bank of America lifted their target price on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Stifel Nicolaus lifted their target price on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $143.50.

Jabil Price Performance

Shares of Jabil stock opened at $128.18 on Thursday. The firm has a fifty day simple moving average of $122.79 and a 200-day simple moving average of $115.65. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $156.94. The stock has a market capitalization of $14.46 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.50 and a beta of 1.24.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter in the prior year, the company earned $2.34 EPS. The firm’s quarterly revenue was down 17.7% on a year-over-year basis. On average, sell-side analysts expect that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. Jabil’s dividend payout ratio is 2.90%.

About Jabil

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).