International Assets Investment Management LLC Boosts Stock Holdings in Jabil Inc. (NYSE:JBL)

International Assets Investment Management LLC raised its stake in Jabil Inc. (NYSE:JBL - Free Report) by 11,262.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 21,929 shares of the technology company's stock after purchasing an additional 21,736 shares during the period. International Assets Investment Management LLC's holdings in Jabil were worth $2,628,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Primecap Management Co. CA raised its stake in Jabil by 3.0% during the second quarter. Primecap Management Co. CA now owns 3,682,875 shares of the technology company's stock worth $400,660,000 after acquiring an additional 107,800 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Jabil by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,636,737 shares of the technology company's stock worth $178,058,000 after acquiring an additional 106,808 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Jabil by 29.0% in 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 during the period. AQR Capital Management LLC increased its holdings 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 valued at $115,404,000 after purchasing an additional 702,199 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Jabil in the 2nd quarter valued at approximately $78,660,000. 93.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Matthew Crowley sold 1,380 shares of Jabil stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $125.83, for a total transaction of $173,645.40. Following the sale, the executive vice president now directly owns 18,568 shares of the company's stock, valued at approximately $2,336,411.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Matthew Crowley sold 1,380 shares of Jabil stock in a transaction on Friday, October 18th. The shares were sold at an average price of $125.83, for a total transaction of $173,645.40. Following the completion of the transaction, the executive vice president now owns 18,568 shares of the company's stock, valued at $2,336,411.44. This trade represents 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 at the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the company's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the transaction, the director now owns 139,108 shares in the company, valued at $17,346,767.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,689 shares of company stock worth $5,377,431 in the last quarter. 2.62% of the stock is currently owned by corporate insiders.

Jabil Stock Up 3.7 %

NYSE JBL traded up $4.58 during trading hours on Friday, reaching $127.67. 1,374,655 shares of the company's stock were exchanged, compared to its average volume of 1,166,329. 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 company has a market capitalization of $14.41 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24. The company's 50-day moving average is $115.99 and its two-hundred day moving average is $114.60. 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 announced 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. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same quarter last year, the firm earned $2.34 EPS. Jabil's revenue for the quarter was down 17.7% compared to the same quarter last year. On average, analysts forecast that Jabil Inc. will post 7.84 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.08 per share. 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 is presently 2.90%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JBL. JPMorgan Chase & Co. decreased their target price on shares of 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 shares of Jabil from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Barclays raised their target price on Jabil from $135.00 to $157.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Finally, Bank of America increased their price objective on Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $143.50.

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).