Jabil Inc. (NYSE:JBL) Shares Sold by Centiva Capital LP

Centiva Capital LP lessened its stake in shares of Jabil Inc. (NYSE:JBL) by 9.6% in the third quarter, Holdings Channel.com reports. The fund owned 15,960 shares of the technology company’s stock after selling 1,698 shares during the quarter. Centiva Capital LP’s holdings in Jabil were worth $1,912,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. HHM Wealth Advisors LLC acquired a new stake in shares of Jabil during the 2nd quarter valued at $28,000. Capital Performance Advisors LLP acquired a new stake in shares of Jabil during the 3rd quarter valued at $32,000. Innealta Capital LLC acquired a new stake in shares of Jabil during the 2nd quarter valued at $31,000. Brooklyn Investment Group acquired a new stake in Jabil during the 3rd quarter valued at $39,000. Finally, Family Firm Inc. acquired a new stake in Jabil during the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Trading Down 0.5 %

NYSE JBL opened at $135.19 on Tuesday. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $156.94. 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 $15.25 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The firm’s fifty day simple moving average is $126.30 and its 200-day simple moving average is $116.39.

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

Jabil Dividend Announcement

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%.

Insiders Place Their Bets

In other Jabil news, EVP Matthew Crowley sold 1,380 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $125.83, for a total transaction of $173,645.40. Following the transaction, the executive vice president now directly owns 18,568 shares of the company’s stock, valued at $2,336,411.44. This represents a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total transaction of $474,800.00. Following the sale, the executive vice president now owns 108,753 shares of the company’s stock, valued at $12,908,981.10. This trade represents a 3.55 % 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 three months. 2.62% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

JBL has been the topic of several recent analyst reports. StockNews.com raised shares of Jabil from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Stifel Nicolaus boosted their target price on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. cut their target price 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. Bank of America boosted their target price on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Barclays boosted their target price on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $143.50.

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).