Lifeworks Advisors LLC Acquires 4,502 Shares of Jabil Inc. (NYSE:JBL)

Lifeworks Advisors LLC increased its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 40.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,597 shares of the technology company's stock after purchasing an additional 4,502 shares during the quarter. Lifeworks Advisors LLC's holdings in Jabil were worth $1,869,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Concurrent Investment Advisors LLC acquired a new position in shares of Jabil during the first quarter valued at approximately $217,000. US Bancorp DE increased its stake in Jabil by 1.3% in the 1st quarter. US Bancorp DE now owns 14,579 shares of the technology company's stock valued at $1,953,000 after buying an additional 192 shares during the period. Bleakley Financial Group LLC boosted its position in shares of Jabil by 18.7% during the 1st quarter. Bleakley Financial Group LLC now owns 2,044 shares of the technology company's stock worth $274,000 after purchasing an additional 322 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Jabil by 7.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 156,119 shares of the technology company's stock valued at $20,912,000 after purchasing an additional 11,469 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Jabil by 18.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 150,985 shares of the technology company's stock worth $20,224,000 after purchasing an additional 23,929 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays increased their price objective 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. Bank of America increased their price objective on shares of Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Finally, Stifel Nicolaus upped their price target on shares of Jabil from $130.00 to $140.00 and gave the company 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 stock. Based on data from MarketBeat, Jabil currently has an average rating of "Moderate Buy" and an average target price of $143.50.

Jabil Price Performance

Jabil stock traded down $2.65 during trading hours on Thursday, hitting $129.08. The stock had a trading volume of 1,139,699 shares, compared to its average volume of 1,451,156. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $156.94. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 11.71, 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. The stock's fifty day moving average is $120.72 and its two-hundred day moving average is $115.34.

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 net margin of 4.81% and a return on equity of 42.64%. The firm had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.59 billion. During the same period in the prior year, the company earned $2.34 EPS. The firm's revenue was down 17.7% on a year-over-year basis. As a group, analysts predict that Jabil Inc. will post 7.84 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Friday, November 15th. Jabil's dividend payout ratio is 2.90%.

Insider Activity

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the completion of the transaction, the executive vice president now directly owns 108,753 shares in the company, valued at approximately $12,908,981.10. The trade was a 3.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Matthew Crowley sold 1,380 shares of the stock in a transaction dated 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 owns 18,568 shares of the company's stock, valued at approximately $2,336,411.44. The trade was a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,689 shares of company stock worth $5,377,431. Corporate insiders own 2.62% of the company's stock.

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).