Jaffetilchin Investment Partners LLC Takes Position in Jabil Inc. (NYSE:JBL)

Jaffetilchin Investment Partners LLC bought a new stake in shares of Jabil Inc. (NYSE:JBL) in the third quarter, Holdings Channel.com reports. The fund bought 3,419 shares of the technology company’s stock, valued at approximately $410,000.

Several other large investors also recently modified their holdings of JBL. HHM Wealth Advisors LLC bought a new position in shares of Jabil in the 2nd quarter worth $28,000. Capital Performance Advisors LLP bought a new stake in shares of Jabil during the 3rd quarter worth $32,000. Innealta Capital LLC bought a new stake in shares of Jabil during the 2nd quarter worth $31,000. Family Firm Inc. bought a new stake in shares of Jabil during the 2nd quarter worth $37,000. Finally, Matrix Trust Co raised its stake in shares of Jabil by 135.4% during the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after purchasing an additional 214 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Transactions at Jabil

In related news, SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the sale, the senior vice president now owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Jabil news, SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the transaction, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at $5,051,816.97. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total transaction of $474,800.00. Following the transaction, the executive vice president now directly owns 108,753 shares in the company, valued at $12,908,981.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,689 shares of company stock valued at $5,377,431 in the last quarter. 2.62% of the stock is currently owned by corporate insiders.

Jabil Stock Performance

Shares of JBL stock opened at $135.52 on Tuesday. The business’s 50 day moving average is $119.04 and its two-hundred day moving average is $115.03. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $15.29 billion, a P/E ratio of 12.30, a P/E/G ratio of 1.60 and a beta of 1.24. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $156.94.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. During the same period in the previous year, the business earned $2.34 EPS. Jabil’s revenue for the quarter was down 17.7% on a year-over-year basis. Analysts expect that Jabil Inc. will post 7.84 EPS for the current fiscal year.

Jabil Announces Dividend

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

Analyst Ratings Changes

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

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).