Jabil Inc. (NYSE:JBL) Shares Sold by Prudential PLC

Prudential PLC decreased its stake in shares of Jabil Inc. (NYSE:JBL) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,344 shares of the technology company’s stock after selling 459 shares during the period. Prudential PLC’s holdings in Jabil were worth $473,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. HCR Wealth Advisors lifted its stake in shares of Jabil by 1.7% in the 2nd quarter. HCR Wealth Advisors now owns 8,414 shares of the technology company’s stock valued at $915,000 after purchasing an additional 143 shares in the last quarter. Quest Partners LLC lifted its position in Jabil by 35,922.2% during the second quarter. Quest Partners LLC now owns 3,242 shares of the technology company’s stock valued at $353,000 after buying an additional 3,233 shares in the last quarter. Koss Olinger Consulting LLC purchased a new stake in Jabil during the second quarter worth approximately $503,000. Caprock Group LLC increased its position in shares of Jabil by 488.0% in the second quarter. Caprock Group LLC now owns 13,307 shares of the technology company’s stock worth $1,448,000 after acquiring an additional 11,044 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Jabil in the 2nd quarter valued at $382,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In related news, EVP Frederic E. Mccoy sold 1,250 shares of Jabil stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total transaction of $145,525.00. Following the transaction, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, SVP May Yee Yap sold 4,274 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the completion of the sale, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Frederic E. Mccoy sold 1,250 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the sale, the executive vice president now directly owns 112,753 shares in the company, valued at $13,126,704.26. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by corporate insiders.

Jabil Price Performance

Shares of NYSE:JBL opened at $105.90 on Friday. The firm’s 50 day moving average is $107.43 and its two-hundred day moving average is $119.15. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $12.01 billion, a P/E ratio of 9.64, a PEG ratio of 1.75 and a beta of 1.25. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, June 20th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.53 billion. The company’s quarterly revenue was down 20.2% compared to the same quarter last year. During the same period last year, the company earned $1.85 earnings per share. Analysts anticipate that Jabil Inc. will post 7.86 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were given a $0.08 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. Jabil’s dividend payout ratio (DPR) is 2.91%.

Wall Street Analysts Forecast Growth

JBL has been the subject of a number of research reports. 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 research report on Tuesday, September 3rd. UBS Group lowered their target price on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. Barclays dropped their target price on Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Finally, Bank of America decreased their price target on Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a report on Friday, June 21st. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Jabil presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.13.

Jabil Company Profile

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).