Janus Henderson Group PLC Has $1.16 Million Stake in Jabil Inc. (NYSE:JBL)

Janus Henderson Group PLC trimmed its position in Jabil Inc. (NYSE:JBL - Free Report) by 97.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,667 shares of the technology company's stock after selling 415,321 shares during the period. Janus Henderson Group PLC's holdings in Jabil were worth $1,158,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of JBL. Van ECK Associates Corp grew its position in shares of Jabil by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company's stock valued at $195,000 after purchasing an additional 90 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of Jabil by 2.9% in the third quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company's stock valued at $387,000 after buying an additional 91 shares during the period. Gateway Investment Advisers LLC increased its position in shares of Jabil by 3.5% during the third quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company's stock worth $376,000 after acquiring an additional 105 shares in the last quarter. Richard P Slaughter Associates Inc raised its holdings in shares of Jabil by 0.7% during the third quarter. Richard P Slaughter Associates Inc now owns 17,624 shares of the technology company's stock worth $2,112,000 after acquiring an additional 120 shares during the period. Finally, Private Advisor Group LLC lifted its position in Jabil by 4.9% in the 3rd quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company's stock valued at $309,000 after acquiring an additional 120 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on 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 upped their price target on Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. StockNews.com upgraded shares of Jabil from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 27th. Barclays increased 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. Finally, Stifel Nicolaus boosted 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. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $145.17.

Insider Buying and Selling at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 directly owns 108,753 shares of the company's stock, valued at approximately $12,908,981.10. This trade represents a 3.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Francis Mckay sold 11,755 shares of the company's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,689 shares of company stock valued at $5,377,431 in the last quarter. 2.62% of the stock is currently owned by insiders.

Jabil Stock Performance

NYSE JBL traded up $1.49 on Friday, hitting $135.13. 763,002 shares of the stock were exchanged, compared to its average volume of 1,413,739. The business's fifty day moving average is $129.51 and its 200 day moving average is $117.56. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94. The company has a market capitalization of $15.25 billion, a PE ratio of 12.26, a P/E/G ratio of 1.57 and a beta of 1.25. 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 (NYSE:JBL - Get Free Report) last issued its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. Jabil's revenue was down 17.7% on a year-over-year basis. During the same period last year, the business posted $2.34 EPS. Research analysts anticipate that Jabil Inc. will post 7.89 EPS for the current fiscal year.

Jabil Dividend Announcement

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