Assenagon Asset Management S.A. Raises Position in Jabil Inc. (NYSE:JBL)

Assenagon Asset Management S.A. boosted its position in Jabil Inc. (NYSE:JBL - Free Report) by 7.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,315 shares of the technology company's stock after purchasing an additional 10,724 shares during the period. Assenagon Asset Management S.A. owned about 0.14% of Jabil worth $18,851,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC purchased a new stake in Jabil in the 1st quarter worth about $29,000. HHM Wealth Advisors LLC purchased a new position in shares of Jabil in the second quarter worth about $28,000. Innealta Capital LLC bought a new stake in shares of Jabil in the second quarter valued at approximately $31,000. Family Firm Inc. purchased a new stake in shares of Jabil during the 2nd quarter valued at approximately $37,000. Finally, Matrix Trust Co grew its stake in Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company's stock valued at $45,000 after buying an additional 214 shares in the last quarter. 93.39% of the stock is owned by institutional investors.

Jabil Trading Down 0.2 %

JBL traded down $0.31 on Friday, hitting $124.72. 680,229 shares of the company were exchanged, compared to its average volume of 1,449,388. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. The firm has a fifty day simple moving average of $114.27 and a two-hundred day simple moving average of $114.79. The stock has a market capitalization of $14.15 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $156.94.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate 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 firm's revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 earnings per share. Sell-side analysts expect that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. Jabil's payout ratio is presently 2.90%.

Insider Activity at Jabil

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JBL. Bank of America raised their price target on Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, September 27th. JPMorgan Chase & Co. reduced their price objective on shares of Jabil from $137.00 to $133.00 and set an "overweight" rating for the company in a research note on Tuesday, September 3rd. Barclays upped their price target 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 $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $143.50.

About Jabil

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).