Jabil Inc. (NYSE:JBL) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP trimmed its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 53.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,313 shares of the technology company's stock after selling 7,222 shares during the quarter. Aigen Investment Management LP's holdings in Jabil were worth $756,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Jabil by 4.2% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 4,798 shares of the technology company's stock valued at $575,000 after purchasing an additional 193 shares during the last quarter. North Growth Management Ltd. boosted its holdings in shares of Jabil by 0.3% in the 3rd quarter. North Growth Management Ltd. now owns 289,000 shares of the technology company's stock valued at $34,625,000 after acquiring an additional 1,000 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Jabil in the third quarter worth $1,494,000. Venturi Wealth Management LLC raised its holdings in shares of Jabil by 260.8% during the third quarter. Venturi Wealth Management LLC now owns 902 shares of the technology company's stock worth $108,000 after purchasing an additional 652 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC acquired a new position in Jabil during the third quarter valued at $410,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on JBL shares. Stifel Nicolaus upped their price objective 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. JPMorgan Chase & Co. decreased their price target 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. Barclays increased 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. Finally, Bank of America raised their target price on Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $143.50.

Insider Transactions at Jabil

In other news, 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 value of $474,800.00. Following the completion of the sale, the executive vice president now directly owns 108,753 shares of the company's stock, valued at approximately $12,908,981.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Frederic E. Mccoy sold 4,000 shares of the firm's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total value of $474,800.00. Following the completion of the sale, the executive vice president now owns 108,753 shares in the company, valued at approximately $12,908,981.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the transaction, the director now directly owns 139,108 shares of the company's stock, valued at $17,346,767.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,689 shares of company stock worth $5,377,431. Insiders own 2.62% of the company's stock.

Jabil Trading Down 2.3 %

NYSE:JBL traded down $2.97 on Thursday, reaching $128.76. 683,777 shares of the company's stock were exchanged, compared to its average volume of 1,448,734. The firm has a market capitalization of $14.53 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $156.94. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The business has a fifty day moving average of $120.19 and a 200-day moving average of $115.25.

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

Jabil Dividend Announcement

The company also recently declared 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 0.25%. The ex-dividend date is Friday, November 15th. Jabil's dividend payout ratio (DPR) is 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).