Jabil Inc. (NYSE:JBL) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 157.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 72,598 shares of the technology company's stock after buying an additional 44,372 shares during the quarter. Jabil makes up 0.5% of Y Intercept Hong Kong Ltd's holdings, making the stock its 16th largest holding. Y Intercept Hong Kong Ltd owned 0.06% of Jabil worth $8,699,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of JBL. Van ECK Associates Corp lifted its stake in Jabil by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company's stock worth $195,000 after purchasing an additional 90 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Jabil by 2.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company's stock worth $387,000 after purchasing an additional 91 shares in the last quarter. Gateway Investment Advisers LLC lifted its stake in Jabil by 3.5% in the 3rd quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company's stock worth $376,000 after purchasing an additional 105 shares in the last quarter. Richard P Slaughter Associates Inc lifted its stake in Jabil by 0.7% in the 3rd quarter. Richard P Slaughter Associates Inc now owns 17,624 shares of the technology company's stock worth $2,112,000 after purchasing an additional 120 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Jabil by 4.9% in the 3rd quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company's stock worth $309,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Trading Down 1.0 %

Jabil stock traded down $1.40 during trading hours on Monday, hitting $134.24. The company had a trading volume of 963,246 shares, compared to its average volume of 1,423,970. The firm has a market cap of $15.15 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.59 and a beta of 1.25. 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 Inc. has a 1 year low of $95.85 and a 1 year high of $156.94. The company has a 50-day moving average price of $128.40 and a two-hundred day moving average price of $117.14.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm's quarterly revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.34 EPS. On average, sell-side analysts anticipate that Jabil Inc. will post 7.89 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a $0.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. Jabil's payout ratio is presently 2.90%.

Insider Transactions at Jabil

In related news, SVP Francis Mckay sold 11,755 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the sale, the senior vice president now owns 41,507 shares of the company's stock, valued at $5,051,816.97. This represents a 22.07 % 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 Matthew Crowley sold 1,380 shares of the 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 $2,336,411.44. The trade was a 6.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,689 shares of company stock valued at $5,377,431. Company insiders own 2.62% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on JBL. Barclays boosted their target price on shares of Jabil from $135.00 to $157.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. StockNews.com upgraded shares of Jabil from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 27th. Bank of America upped their price target on shares of Jabil from $135.00 to $150.00 and gave the company a "buy" rating in a report on Friday, September 27th. JPMorgan Chase & Co. cut their price target on shares of Jabil from $137.00 to $133.00 and set an "overweight" rating on the stock in a report on Tuesday, September 3rd. Finally, Stifel Nicolaus upped their price target on shares of Jabil from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.17.

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).