9,523 Shares in Jabil Inc. (NYSE:JBL) Acquired by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. acquired a new stake in Jabil Inc. (NYSE:JBL - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,523 shares of the technology company's stock, valued at approximately $1,141,000.

Several other hedge funds have also added to or reduced their stakes in the business. HHM Wealth Advisors LLC acquired a new position in shares of Jabil in the second quarter valued at approximately $28,000. ORG Partners LLC bought a new position in Jabil during the 1st quarter worth about $29,000. Innealta Capital LLC acquired a new stake in shares of Jabil in the 2nd quarter valued at about $31,000. Family Firm Inc. bought a new stake in shares of Jabil in the second quarter valued at about $37,000. Finally, Matrix Trust Co boosted its position 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 during the period. Institutional investors and hedge funds own 93.39% of the company's stock.

Jabil Stock Performance

Shares of JBL traded down $1.55 during midday trading on Friday, reaching $135.75. The stock had a trading volume of 936,561 shares, compared to its average volume of 1,458,252. 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 firm has a 50 day simple moving average of $117.98 and a 200-day simple moving average of $114.87. The firm has a market cap of $15.32 billion, a PE ratio of 12.46, a P/E/G ratio of 1.50 and a beta of 1.24. Jabil Inc. has a one year low of $95.85 and a one year 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 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 firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter in the previous year, the business earned $2.34 earnings per share. The business's revenue was down 17.7% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. Jabil's dividend payout ratio (DPR) is 2.90%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Jabil

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

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).