45,247 Shares in Jabil Inc. (NYSE:JBL) Acquired by Point72 DIFC Ltd

Point72 DIFC Ltd acquired a new position in shares of Jabil Inc. (NYSE:JBL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 45,247 shares of the technology company’s stock, valued at approximately $4,922,000.

Several other large investors have also recently modified their holdings of the company. Marshall Wace LLP raised its stake in shares of Jabil by 70.0% during the 2nd quarter. Marshall Wace LLP now owns 114,161 shares of the technology company’s stock worth $12,420,000 after acquiring an additional 47,009 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in Jabil by 1.0% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 581,600 shares of the technology company’s stock valued at $63,272,000 after purchasing an additional 5,900 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Jabil by 58.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 4,626 shares of the technology company’s stock valued at $503,000 after purchasing an additional 1,706 shares in the last quarter. 1832 Asset Management L.P. increased its stake in Jabil by 33.2% during the 2nd quarter. 1832 Asset Management L.P. now owns 15,640 shares of the technology company’s stock valued at $1,701,000 after purchasing an additional 3,898 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Jabil by 14.9% during the 2nd quarter. ProShare Advisors LLC now owns 25,107 shares of the technology company’s stock valued at $2,731,000 after purchasing an additional 3,259 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group cut their price target on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Bank of America lowered their price target on shares of Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, June 21st. Stifel Nicolaus decreased their price objective on shares of Jabil from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, September 17th. Barclays decreased their price objective on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $139.88.

Jabil Price Performance

Shares of NYSE JBL opened at $113.01 on Tuesday. The firm has a 50-day simple moving average of $107.03 and a 200-day simple moving average of $117.13. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 1.26. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Thursday, August 15th. Jabil’s dividend payout ratio (DPR) is 2.91%.

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).