Jabil Inc. (NYSE:JBL) Shares Bought by National Bank of Canada FI

National Bank of Canada FI lifted its stake in Jabil Inc. (NYSE:JBL - Free Report) by 15.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,957 shares of the technology company's stock after purchasing an additional 7,621 shares during the period. National Bank of Canada FI owned about 0.05% of Jabil worth $6,945,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. iA Global Asset Management Inc. increased its position in shares of Jabil by 29.3% during the third quarter. iA Global Asset Management Inc. now owns 2,879 shares of the technology company's stock worth $345,000 after acquiring an additional 652 shares during the period. EP Wealth Advisors LLC purchased a new position in Jabil during the 3rd quarter worth $1,390,000. Kovitz Investment Group Partners LLC raised its position in Jabil by 9.1% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 32,994 shares of the technology company's stock valued at $3,898,000 after purchasing an additional 2,757 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its holdings in shares of Jabil by 29.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 574,938 shares of the technology company's stock worth $68,895,000 after buying an additional 129,400 shares during the period. Finally, Two Sigma Advisers LP grew its position in shares of Jabil by 406.5% during the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company's stock worth $86,613,000 after buying an additional 580,100 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Stock Performance

Shares of NYSE JBL traded down $0.05 during midday trading on Thursday, reaching $133.64. 905,230 shares of the stock were exchanged, compared to its average volume of 1,416,447. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market cap of $15.08 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.59 and a beta of 1.25. The firm has a 50-day simple moving average of $128.97 and a two-hundred day simple moving average of $117.35. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $156.94.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter in the prior year, the firm posted $2.34 earnings per share. The company's revenue was down 17.7% compared to the same quarter last year. As a group, analysts anticipate that Jabil Inc. will post 7.89 EPS for the current fiscal year.

Jabil Announces Dividend

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

Analysts Set New Price Targets

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

Insider Transactions at Jabil

In other Jabil news, SVP Francis Mckay sold 11,755 shares of the business's stock in a transaction that occurred 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. The trade was a 22.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,283 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $122.28, for a total value of $523,725.24. Following the completion of the transaction, the executive vice president now owns 142,472 shares in the company, valued at approximately $17,421,476.16. This trade represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,689 shares of company stock valued at $5,377,431 over the last 90 days. Corporate insiders own 2.62% of the company's stock.

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).