Tredje AP fonden Has $2.18 Million Holdings in Jabil Inc. (NYSE:JBL)

Tredje AP fonden lessened its stake in shares of Jabil Inc. (NYSE:JBL) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,053 shares of the technology company’s stock after selling 313 shares during the quarter. Tredje AP fonden’s holdings in Jabil were worth $2,182,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Private Advisor Group LLC lifted its holdings in Jabil by 73.6% in the 4th quarter. Private Advisor Group LLC now owns 2,288 shares of the technology company’s stock worth $291,000 after purchasing an additional 970 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Jabil in the fourth quarter valued at approximately $51,000. Janney Montgomery Scott LLC lifted its stake in shares of Jabil by 6.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,128 shares of the technology company’s stock worth $2,054,000 after buying an additional 912 shares during the last quarter. Beacon Pointe Advisors LLC boosted its holdings in shares of Jabil by 2.5% during the 4th quarter. Beacon Pointe Advisors LLC now owns 3,377 shares of the technology company’s stock worth $430,000 after buying an additional 83 shares during the period. Finally, Norges Bank bought a new stake in shares of Jabil during the 4th quarter worth $192,964,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In related news, 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 owns 24,829 shares in the company, valued at approximately $2,905,986.16. The transaction was disclosed in a 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 the company’s 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 sale, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at $2,905,986.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Frederic E. Mccoy sold 1,250 shares of Jabil stock in a transaction on 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 transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The disclosure for this sale can be found here. Company insiders own 2.62% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on JBL shares. Stifel Nicolaus dropped their target price on shares of Jabil from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday. UBS Group cut their price objective on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Barclays lowered 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. Bank of America cut 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. Finally, JPMorgan Chase & Co. lowered 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.88.

Jabil Stock Performance

Shares of NYSE JBL opened at $110.86 on Friday. The firm has a market capitalization of $12.58 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.75 and a beta of 1.25. Jabil Inc. has a one year low of $95.85 and a one year high of $156.94. The business has a fifty day simple moving average of $107.17 and a 200 day simple moving average of $118.19. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26.

Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, June 20th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.53 billion. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same period last year, the firm earned $1.85 EPS. Sell-side analysts expect that Jabil Inc. will post 7.86 EPS for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, August 15th. Jabil’s dividend payout ratio is 2.91%.

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).