Nicola Wealth Management LTD. Has $4.73 Million Holdings in Jabil Inc. (NYSE:JBL)

Nicola Wealth Management LTD. lifted its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 54.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,500 shares of the technology company's stock after purchasing an additional 14,000 shares during the period. Nicola Wealth Management LTD.'s holdings in Jabil were worth $4,733,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Point72 Asset Management L.P. bought a new stake in shares of Jabil in the second quarter valued at approximately $78,660,000. AQR Capital Management LLC lifted its position in shares of Jabil by 195.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company's stock worth $115,404,000 after acquiring an additional 702,199 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Jabil by 29.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company's stock worth $150,463,000 after purchasing an additional 310,590 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Jabil during the first quarter valued at approximately $39,040,000. Finally, Victory Capital Management Inc. raised its stake in shares of Jabil by 72.0% in the second quarter. Victory Capital Management Inc. now owns 490,499 shares of the technology company's stock valued at $53,361,000 after purchasing an additional 205,331 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

Jabil Trading Down 2.0 %

Shares of NYSE JBL traded down $2.65 during midday trading 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. 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 fifty-two week low of $95.85 and a fifty-two week high of $156.94. The firm has a market cap of $14.57 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. The company's 50-day simple moving average is $120.72 and its 200 day simple moving average is $115.34.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.22 by $0.08. The company had revenue of $6.96 billion for 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%. The company's revenue was down 17.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.34 EPS. Research analysts anticipate that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Announces Dividend

The business also recently declared 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 (DPR) is currently 2.90%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Barclays increased 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. Stifel Nicolaus lifted their target price 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. JPMorgan Chase & Co. decreased their price target on Jabil from $137.00 to $133.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 3rd. Finally, Bank of America lifted their price objective on Jabil from $135.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $143.50.

Insider Transactions at Jabil

In other news, EVP Frederic E. Mccoy sold 4,283 shares of the firm's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $122.28, for a total transaction of $523,725.24. Following the sale, the executive vice president now owns 142,472 shares of the company's stock, valued at $17,421,476.16. This trade represents a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of the 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 sale, the senior vice president now directly owns 41,507 shares of the company's stock, valued at $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 43,689 shares of company stock worth $5,377,431 in the last three months. 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).