Stanley Laman Group Ltd. Increases Stock Position in Jabil Inc. (NYSE:JBL)

Stanley Laman Group Ltd. boosted its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 23.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,808 shares of the technology company's stock after acquiring an additional 8,619 shares during the period. Jabil accounts for 0.8% of Stanley Laman Group Ltd.'s portfolio, making the stock its 29th largest holding. Stanley Laman Group Ltd.'s holdings in Jabil were worth $5,369,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of JBL. ORG Partners LLC purchased a new stake in Jabil during the first quarter valued at approximately $29,000. Riverview Trust Co bought a new position in Jabil during the first quarter valued at $33,000. HHM Wealth Advisors LLC bought a new stake in shares of Jabil in the 2nd quarter worth about $28,000. Innealta Capital LLC bought a new position in Jabil during the 2nd quarter valued at about $31,000. Finally, Family Firm Inc. purchased a new stake in Jabil in the 2nd quarter worth about $37,000. 93.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Jabil from $137.00 to $133.00 and set an "overweight" rating for the company in a report on Tuesday, September 3rd. Stifel Nicolaus lifted their price objective on shares of Jabil from $130.00 to $140.00 and gave the company a "buy" rating in a report on Friday, September 27th. Bank of America upped their target price 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. Finally, Barclays lifted their price target on shares of Jabil from $135.00 to $157.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $143.50.

Insider Transactions at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total transaction of $474,800.00. Following the sale, the executive vice president now directly owns 108,753 shares of the company's stock, valued at $12,908,981.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Jabil news, EVP Matthew Crowley sold 2,271 shares of Jabil stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $123.54, for a total transaction of $280,559.34. Following the completion of the sale, the executive vice president now directly owns 15,564 shares in the company, valued at approximately $1,922,776.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were 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 in the company, valued at $12,908,981.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,651 shares of company stock worth $929,005. Insiders own 2.62% of the company's stock.

Jabil Stock Down 0.9 %

Shares of JBL traded down $1.08 during trading hours on Wednesday, hitting $122.94. The company had a trading volume of 1,446,811 shares, compared to its average volume of 1,473,878. The company has a market capitalization of $13.95 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The company's fifty day moving average price is $113.15 and its two-hundred day moving average price is $115.07. Jabil Inc. has a one year low of $95.85 and a one year high of $156.94.

Jabil (NYSE:JBL - Get Free Report) last posted its earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.22 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to analysts' expectations of $6.59 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. Jabil's revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.34 earnings per share. As a group, equities analysts forecast that Jabil Inc. will post 7.84 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.26%. The ex-dividend date is Friday, November 15th. Jabil's dividend payout ratio is presently 2.91%.

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).