Jabil Inc. (NYSE:JBL) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lowered its position in shares of Jabil Inc. (NYSE:JBL) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,647 shares of the technology company’s stock after selling 1,106 shares during the period. Dana Investment Advisors Inc.’s holdings in Jabil were worth $4,313,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Benjamin Edwards Inc. acquired a new position in Jabil during the first quarter worth approximately $25,000. HHM Wealth Advisors LLC purchased a new stake in Jabil in the 2nd quarter valued at $28,000. ORG Partners LLC acquired a new stake in Jabil during the 1st quarter worth $29,000. Innealta Capital LLC purchased a new position in Jabil during the 2nd quarter worth $31,000. Finally, Riverview Trust Co acquired a new position in Jabil in the first quarter valued at $33,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP May Yee Yap sold 4,274 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following the sale, the senior vice president now directly owns 24,829 shares in the company, valued at approximately $2,905,986.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Jabil news, SVP May Yee Yap sold 4,274 shares of Jabil stock in a transaction dated Tuesday, July 16th. The shares were 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 owns 24,829 shares in the company, valued at $2,905,986.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Frederic E. Mccoy sold 1,250 shares of the 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 completion of the sale, the executive vice president now 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 owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Stifel Nicolaus increased their price objective on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Bank of America boosted their target price on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. UBS Group decreased their price target on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, June 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.86.

Jabil Trading Down 0.6 %

NYSE:JBL opened at $119.16 on Wednesday. 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 stock has a fifty day moving average price of $107.69 and a two-hundred day moving average price of $116.04. The stock has a market capitalization of $13.52 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 2.23 and a beta of 1.25.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.22 by $0.08. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. During the same quarter last year, the business earned $2.34 earnings per share. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Jabil Inc. will post 7.85 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.32 annualized dividend and a yield of 0.27%. Jabil’s dividend payout ratio is presently 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).