9,830 Shares in Jabil Inc. (NYSE:JBL) Acquired by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new stake in Jabil Inc. (NYSE:JBL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,830 shares of the technology company's stock, valued at approximately $1,178,000. Jabil makes up approximately 0.8% of Semanteon Capital Management LP's investment portfolio, making the stock its 28th biggest holding.

Several other hedge funds also recently bought and sold shares of the company. J.W. Cole Advisors Inc. acquired a new position in Jabil in the third quarter worth approximately $211,000. Arkadios Wealth Advisors acquired a new position in shares of Jabil during the 3rd quarter worth $315,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Jabil by 45.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,692 shares of the technology company's stock valued at $941,000 after purchasing an additional 2,401 shares in the last quarter. Highland Capital Management LLC acquired a new stake in shares of Jabil in the 3rd quarter valued at $239,000. Finally, BayBridge Capital Group LLC boosted its holdings in Jabil by 4.5% in the third quarter. BayBridge Capital Group LLC now owns 9,436 shares of the technology company's stock worth $1,131,000 after purchasing an additional 409 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jabil

In other Jabil 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 value of $474,800.00. Following the sale, the executive vice president now owns 108,753 shares of the company's stock, valued at $12,908,981.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the transaction, the director now directly owns 139,108 shares in the company, valued at $17,346,767.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the executive vice president now owns 108,753 shares in the company, valued at $12,908,981.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,651 shares of company stock worth $3,423,005. 2.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on Jabil from $137.00 to $133.00 and set an "overweight" rating for the company in a research report on Tuesday, September 3rd. Stifel Nicolaus upped their target price on Jabil from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Bank of America lifted their price target on shares of Jabil from $135.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Finally, Barclays upped their price objective on shares of Jabil from $135.00 to $157.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $143.50.

Jabil Stock Performance

JBL stock traded up $0.09 on Monday, reaching $124.81. 742,316 shares of the company were exchanged, compared to its average volume of 1,464,482. 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 12 month low of $95.85 and a 12 month high of $156.94. The stock's fifty day moving average price is $114.62 and its 200 day moving average price is $114.70. The firm has a market capitalization of $14.16 billion, a PE ratio of 11.33, a PEG ratio of 1.46 and a beta of 1.25.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating 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 analyst estimates of $6.59 billion. During the same quarter in the prior year, the business earned $2.34 earnings per share. The firm's revenue for the quarter was down 17.7% on a year-over-year basis. On average, research analysts anticipate that Jabil Inc. will post 7.84 EPS for the current fiscal year.

Jabil Dividend Announcement

The company 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 of this dividend is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. Jabil's payout ratio is 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).