Entropy Technologies LP Makes New Investment in Jabil Inc. (NYSE:JBL)

Entropy Technologies LP bought a new position in shares of Jabil Inc. (NYSE:JBL - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,464 shares of the technology company's stock, valued at approximately $1,494,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBL. HHM Wealth Advisors LLC bought a new stake in shares of Jabil in the 2nd quarter valued at about $28,000. Innealta Capital LLC bought a new stake in Jabil in the second quarter valued at approximately $31,000. Capital Performance Advisors LLP acquired a new stake in shares of Jabil in the third quarter valued at approximately $32,000. Family Firm Inc. acquired a new stake in shares of Jabil in the second quarter valued at approximately $37,000. Finally, Matrix Trust Co increased its holdings 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 acquiring an additional 214 shares during the last quarter. 93.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted 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. Barclays lifted their target price on shares of Jabil from $135.00 to $157.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. JPMorgan Chase & Co. lowered their price target on shares of Jabil from $137.00 to $133.00 and set an "overweight" rating on the stock in a report on Tuesday, September 3rd. Finally, Bank of America increased 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 investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $143.50.

Insider Activity at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the business's 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 completion of the transaction, the director now owns 139,108 shares of the company's stock, valued at approximately $17,346,767.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Steven A. Raymund sold 20,000 shares of the company's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the transaction, the director now directly owns 139,108 shares in the company, valued at approximately $17,346,767.60. 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 the SEC website. Also, EVP Matthew Crowley sold 1,380 shares of the firm's stock in a transaction on Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the sale, the executive vice president now directly owns 18,568 shares in the company, valued at approximately $2,336,411.44. This trade represents 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 over the last ninety days. 2.62% of the stock is owned by corporate insiders.

Jabil Price Performance

Jabil stock traded down $0.03 during mid-day trading on Wednesday, reaching $132.88. 405,502 shares of the company were exchanged, compared to its average volume of 1,449,589. The company has a fifty day simple moving average of $119.63 and a 200-day simple moving average of $115.13. The firm has a market cap of $14.99 billion, a PE ratio of 12.04, a PEG ratio of 1.57 and a beta of 1.24. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $156.94.

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

Jabil Announces Dividend

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

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).