Jacobs Levy Equity Management Inc. Invests $407,000 in Jabil Inc. (NYSE:JBL)

Jacobs Levy Equity Management Inc. purchased a new stake in Jabil Inc. (NYSE:JBL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,393 shares of the technology company’s stock, valued at approximately $407,000.

A number of other large investors have also recently bought and sold shares of the business. HHM Wealth Advisors LLC acquired a new stake in shares of Jabil during the second quarter worth about $28,000. Capital Performance Advisors LLP purchased a new stake in Jabil during the 3rd quarter valued at approximately $32,000. Innealta Capital LLC acquired a new stake in Jabil during the 2nd quarter worth approximately $31,000. Brooklyn Investment Group purchased a new position in shares of Jabil in the 3rd quarter valued at approximately $39,000. Finally, Family Firm Inc. acquired a new position in shares of Jabil in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Ratings Changes

JBL has been the subject of several recent research reports. Bank of America increased their price target on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Stifel Nicolaus lifted their target price on shares of Jabil from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. StockNews.com raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. lowered their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Finally, Barclays boosted their target price on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.17.

Jabil Trading Down 1.0 %

Shares of Jabil stock opened at $134.24 on Tuesday. The company has a 50-day moving average of $128.40 and a two-hundred day moving average of $117.14. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $156.94. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The stock has a market cap of $15.15 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25.

Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. Jabil’s quarterly revenue was down 17.7% on a year-over-year basis. During the same period last year, the business posted $2.34 EPS. On average, research analysts anticipate that Jabil Inc. will post 7.89 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were paid a $0.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. Jabil’s payout ratio is 2.90%.

Insider Buying and Selling at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction 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 sale, the director now owns 139,108 shares in the company, valued at approximately $17,346,767.60. This represents a 12.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Matthew Crowley sold 1,380 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the transaction, the executive vice president now directly owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. This trade represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 43,689 shares of company stock worth $5,377,431. 2.62% of the stock is owned by corporate insiders.

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).