Stifel Financial Corp Has $10.56 Million Holdings in Jabil Inc. (NYSE:JBL)

Stifel Financial Corp reduced its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 13.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,123 shares of the technology company's stock after selling 14,194 shares during the period. Stifel Financial Corp owned about 0.08% of Jabil worth $10,560,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in Jabil by 5,114.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 146,591 shares of the technology company's stock worth $15,948,000 after buying an additional 143,780 shares in the last quarter. Cordatus Wealth Management LLC acquired a new stake in shares of Jabil in the second quarter valued at approximately $257,000. Blue Trust Inc. raised its position in Jabil by 89.6% in the 2nd quarter. Blue Trust Inc. now owns 1,936 shares of the technology company's stock worth $211,000 after purchasing an additional 915 shares during the last quarter. Stanley Laman Group Ltd. acquired a new position in Jabil during the 2nd quarter worth $3,937,000. Finally, Oakworth Capital Inc. bought a new position in Jabil in the 2nd quarter valued at $184,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on JBL shares. Stifel Nicolaus boosted their target price on Jabil from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Bank of America upped their target price on shares of Jabil from $135.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Barclays lifted their price target 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. StockNews.com raised shares of Jabil from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. dropped their target price 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. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $145.17.

Insider Buying and Selling

In other Jabil news, EVP Matthew Crowley sold 1,380 shares of the company's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $125.83, for a total transaction of $173,645.40. Following the completion of the transaction, the executive vice president now owns 18,568 shares of the company's stock, valued at $2,336,411.44. This represents a 6.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Francis Mckay sold 11,755 shares of the business's stock in a transaction on Thursday, October 31st. The stock was 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 directly owns 41,507 shares in the company, valued at approximately $5,051,816.97. This represents a 22.07 % decrease in their position. 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. Company insiders own 2.62% of the company's stock.

Jabil Trading Down 0.0 %

Shares of NYSE JBL traded down $0.05 during midday trading on Thursday, reaching $133.64. 904,464 shares of the stock were exchanged, compared to its average volume of 1,416,451. 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. The business has a 50-day simple moving average of $129.24 and a two-hundred day simple moving average of $117.46. The company has a market capitalization of $15.08 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 1.59 and a beta of 1.25.

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 (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.08. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. During the same period in the prior year, the company earned $2.34 earnings per share. The company's revenue for the quarter was down 17.7% compared to the same quarter last year. As a group, equities research analysts expect that Jabil Inc. will post 7.89 EPS for the current year.

Jabil Dividend Announcement

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

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).