Landscape Capital Management L.L.C. Has $744,000 Stock Holdings in Jabil Inc. (NYSE:JBL)

Landscape Capital Management L.L.C. trimmed its holdings in shares of Jabil Inc. (NYSE:JBL) by 17.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,206 shares of the technology company’s stock after selling 1,276 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Jabil were worth $744,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC acquired a new stake in shares of Jabil during the second quarter worth $28,000. Innealta Capital LLC acquired a new stake in shares of Jabil in the 2nd quarter valued at about $31,000. Capital Performance Advisors LLP bought a new stake in shares of Jabil in the third quarter valued at about $32,000. Family Firm Inc. bought a new stake in shares of Jabil in the second quarter valued at about $37,000. Finally, Matrix Trust Co grew its holdings in shares of Jabil by 135.4% during the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after buying an additional 214 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Bank of America upped their price target on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Barclays raised their target price on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. cut their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Finally, Stifel Nicolaus raised their price objective on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

Insider Activity

In other news, EVP Matthew Crowley sold 1,380 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $125.83, for a total value of $173,645.40. Following the transaction, the executive vice president now owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. This represents a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total value of $2,494,000.00. Following the sale, the director now directly owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,689 shares of company stock valued at $5,377,431 over the last ninety days. 2.62% of the stock is currently owned by company insiders.

Jabil Stock Up 0.4 %

Shares of JBL stock opened at $131.12 on Friday. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $156.94. The stock has a market cap of $14.80 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.54 and a beta of 1.24. The firm’s 50-day moving average is $123.82 and its 200-day moving average is $115.82. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09.

Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.08. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same quarter in the prior year, the company earned $2.34 earnings per share. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. Sell-side analysts predict that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be issued a $0.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. Jabil’s dividend payout ratio is currently 2.90%.

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).