AustralianSuper Pty Ltd Invests $7.82 Million in Jabil Inc. (NYSE:JBL)

AustralianSuper Pty Ltd purchased a new stake in shares of Jabil Inc. (NYSE:JBL - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 65,285 shares of the technology company's stock, valued at approximately $7,823,000. AustralianSuper Pty Ltd owned 0.06% of Jabil as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in JBL. HHM Wealth Advisors LLC bought a new stake in shares of Jabil during the 2nd quarter valued at about $28,000. ORG Partners LLC bought a new position in shares of Jabil during the 1st quarter valued at approximately $29,000. Innealta Capital LLC bought a new position in shares of Jabil during the 2nd quarter valued at approximately $31,000. Family Firm Inc. bought a new position in shares of Jabil during the 2nd quarter valued at approximately $37,000. Finally, Matrix Trust Co grew its stake in shares of Jabil by 135.4% during the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company's stock valued at $45,000 after acquiring an additional 214 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JBL has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on 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. dropped their price target on 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 Jabil from $135.00 to $157.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. Finally, Bank of America upped their price target on Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $143.50.

Jabil Price Performance

Shares of JBL traded down $0.89 during mid-day trading on Thursday, hitting $123.09. 2,038,780 shares of the stock were exchanged, compared to its average volume of 1,464,326. The company has a market cap of $13.96 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $156.94. The firm has a 50-day moving average of $115.60 and a two-hundred day moving average of $114.76. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09.

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 (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analysts' expectations of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The company's revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.34 EPS. On average, equities analysts predict that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Announces Dividend

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

Insider Activity at Jabil

In related 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 sale, the director now owns 139,108 shares in the company, valued at approximately $17,346,767.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related 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 sale, the director now owns 139,108 shares in the company, valued at approximately $17,346,767.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Matthew Crowley sold 1,380 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the sale, the executive vice president now owns 18,568 shares in the company, valued at $2,336,411.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,651 shares of company stock worth $3,423,005. Company 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).