Quadrature Capital Ltd Buys Shares of 16,356 Jabil Inc. (NYSE:JBL)

Quadrature Capital Ltd purchased a new stake in shares of Jabil Inc. (NYSE:JBL - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 16,356 shares of the technology company's stock, valued at approximately $1,960,000.

A number of other large investors have also recently added to or reduced their stakes in JBL. Van ECK Associates Corp raised its position in Jabil by 6.0% in the third quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company's stock valued at $195,000 after purchasing an additional 90 shares during the period. Verdence Capital Advisors LLC raised its holdings in Jabil by 2.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company's stock valued at $387,000 after buying an additional 91 shares during the period. Gateway Investment Advisers LLC lifted its position in Jabil by 3.5% in the third quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company's stock valued at $376,000 after buying an additional 105 shares during the last quarter. GAMMA Investing LLC boosted its stake in Jabil by 15.3% during the second quarter. GAMMA Investing LLC now owns 797 shares of the technology company's stock worth $87,000 after buying an additional 106 shares during the period. Finally, Richard P Slaughter Associates Inc increased its position in shares of Jabil by 0.7% during the third quarter. Richard P Slaughter Associates Inc now owns 17,624 shares of the technology company's stock valued at $2,112,000 after acquiring an additional 120 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on JBL shares. StockNews.com upgraded shares of Jabil from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. lowered their price target on Jabil from $137.00 to $133.00 and set an "overweight" rating for the company in a research report on Tuesday, September 3rd. Barclays lifted their price objective on Jabil from $135.00 to $157.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Bank of America raised 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. Finally, Stifel Nicolaus boosted their price target on shares of Jabil from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Jabil currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.17.

Insider Activity

In other Jabil news, EVP Matthew Crowley sold 1,380 shares of Jabil 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 directly owns 18,568 shares in the company, valued at approximately $2,336,411.44. This trade represents a 6.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 $5,051,816.97. This trade represents a 22.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 43,689 shares of company stock valued at $5,377,431. Insiders own 2.62% of the company's stock.

Jabil Stock Down 0.1 %

JBL stock traded down $0.14 during mid-day trading on Friday, reaching $135.64. The company had a trading volume of 824,678 shares, compared to its average volume of 1,032,642. The firm has a fifty day simple moving average of $128.11 and a 200 day simple moving average of $117.05. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. The company has a market capitalization of $15.31 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 1.61 and a beta of 1.25. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $156.94.

Jabil (NYSE:JBL - Get Free Report) 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. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. Jabil's revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.34 EPS. Analysts forecast that Jabil Inc. will post 7.84 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Friday, November 15th. Jabil's dividend payout ratio (DPR) is currently 2.90%.

Jabil 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).