Edgestream Partners L.P. acquired a new stake in shares of Jabil Inc. (NYSE:JBL – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,170 shares of the technology company’s stock, valued at approximately $780,000.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Jabil by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company’s stock valued at $1,919,948,000 after purchasing an additional 1,427,429 shares during the last quarter. Primecap Management Co. CA grew its stake in Jabil by 3.0% during the 2nd quarter. Primecap Management Co. CA now owns 3,682,875 shares of the technology company’s stock worth $400,660,000 after buying an additional 107,800 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Jabil by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,636,737 shares of the technology company’s stock worth $178,058,000 after buying an additional 106,808 shares during the period. Bank of New York Mellon Corp lifted its stake in Jabil by 29.0% in the second quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock valued at $150,463,000 after buying an additional 310,590 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Jabil by 36.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,339,559 shares of the technology company’s stock valued at $170,660,000 after acquiring an additional 359,818 shares during the period. Institutional investors own 93.39% of the company’s stock.
Insider Activity at Jabil
In other news, SVP May Yee Yap sold 4,274 shares of the 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 owns 24,829 shares in the company, valued at approximately $2,905,986.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Frederic E. Mccoy sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $116.42, for a total transaction of $145,525.00. Following the sale, the executive vice president now owns 112,753 shares in the company, valued at $13,126,704.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP May Yee Yap sold 4,274 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16. The disclosure for this sale can be found here. Company insiders own 2.62% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on JBL
Jabil Stock Up 2.8 %
Shares of JBL stock opened at $113.96 on Friday. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $156.94. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. The business’s fifty day moving average is $107.08 and its 200-day moving average is $117.67. The stock has a market cap of $12.93 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25.
Jabil (NYSE:JBL – Get Free Report) last released its earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.53 billion. During the same period in the previous year, the company earned $1.85 earnings per share. Jabil’s revenue was down 20.2% compared to the same quarter last year. Equities analysts expect that Jabil Inc. will post 7.86 earnings per share for the current fiscal year.
Jabil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were issued a $0.08 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. Jabil’s payout ratio is currently 2.91%.
Jabil 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).
Read More
- Five stocks we like better than Jabil
- What is a support level?
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- MarketBeat Week in Review – 9/16 – 9/20
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Don’t Miss These 3 Retail Stocks for Fall Gains
Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jabil Inc. (NYSE:JBL – Free Report).
Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.com's FREE daily email newsletter.