Barclays PLC Raises Stock Holdings in Jabil Inc. (NYSE:JBL)

Barclays PLC boosted its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 33.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 327,969 shares of the technology company's stock after buying an additional 82,312 shares during the quarter. Barclays PLC owned approximately 0.29% of Jabil worth $39,300,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in JBL. HHM Wealth Advisors LLC bought a new position in shares of Jabil during the second quarter worth $28,000. Innealta Capital LLC bought a new position in shares of Jabil in the second quarter worth about $31,000. Capital Performance Advisors LLP bought a new position in shares of Jabil in the third quarter worth about $32,000. Family Firm Inc. bought a new position in shares of Jabil in the second quarter worth about $37,000. Finally, Brooklyn Investment Group bought a new position in shares of Jabil in the third quarter worth about $39,000. 93.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Bank of America increased their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, September 27th. JPMorgan Chase & Co. decreased their price objective on shares of Jabil from $137.00 to $133.00 and set an "overweight" rating for the company in a research report on Tuesday, September 3rd. Stifel Nicolaus raised their price target on shares of Jabil from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. StockNews.com raised shares of Jabil from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, November 27th. Finally, Barclays lifted their target price on shares of Jabil from $135.00 to $157.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Jabil presently has a consensus rating of "Moderate Buy" and an average price target of $145.17.

Insider Activity

In related news, EVP Matthew Crowley sold 1,380 shares of the business's stock in a transaction dated 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. The trade was a 6.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the business'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 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 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,689 shares of company stock valued at $5,377,431. 2.62% of the stock is currently owned by insiders.

Jabil Price Performance

JBL traded up $1.49 on Friday, hitting $135.13. 763,002 shares of the company's stock were exchanged, compared to its average volume of 1,413,739. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week 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 firm has a 50-day moving average price of $129.51 and a 200-day moving average price of $117.56. The stock has a market cap of $15.25 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 1.57 and a beta of 1.25.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The company had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.59 billion. During the same quarter in the previous year, the company posted $2.34 EPS. The firm's quarterly revenue was down 17.7% on a year-over-year basis. As a group, equities analysts anticipate that Jabil Inc. will post 7.89 earnings per share for the current year.

Jabil Announces Dividend

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