Foundations Investment Advisors LLC Takes $241,000 Position in Jabil Inc. (NYSE:JBL)

Foundations Investment Advisors LLC bought a new stake in shares of Jabil Inc. (NYSE:JBL) in the third quarter, Holdings Channel.com reports. The institutional investor bought 2,012 shares of the technology company’s stock, valued at approximately $241,000.

Several other institutional investors also recently bought and sold shares of JBL. Park Avenue Securities LLC boosted its position in shares of Jabil by 11.6% in the 1st quarter. Park Avenue Securities LLC now owns 1,860 shares of the technology company’s stock worth $249,000 after purchasing an additional 194 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Jabil by 4.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,514 shares of the technology company’s stock worth $1,810,000 after acquiring an additional 561 shares during the last quarter. SteelPeak Wealth LLC acquired a new position in shares of Jabil during the first quarter valued at about $2,083,000. Allspring Global Investments Holdings LLC raised its position in shares of Jabil by 30.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 331,373 shares of the technology company’s stock valued at $44,387,000 after purchasing an additional 76,573 shares during the last quarter. Finally, Monument Capital Management boosted its stake in Jabil by 1.1% in the 1st quarter. Monument Capital Management now owns 20,996 shares of the technology company’s stock worth $2,812,000 after purchasing an additional 226 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction dated 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 in the company, valued at $12,908,981.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Jabil news, EVP Matthew Crowley sold 2,271 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $123.54, for a total value of $280,559.34. Following the transaction, the executive vice president now owns 15,564 shares in the company, valued at approximately $1,922,776.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly 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 disclosure for this sale can be found here. In the last quarter, insiders sold 7,651 shares of company stock valued at $929,005. 2.62% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on JBL. JPMorgan Chase & Co. lowered 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. Stifel Nicolaus lifted their price target 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 raised 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. Finally, Barclays upped their target price on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Jabil Stock Down 0.2 %

Jabil stock opened at $124.72 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. The business’s 50-day moving average price is $114.27 and its 200 day moving average price is $114.94. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.08. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.59 billion. During the same quarter in the previous year, the business earned $2.34 EPS. Jabil’s revenue for the quarter was down 17.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Dividend Announcement

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 paid a $0.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. Jabil’s dividend payout ratio is currently 2.90%.

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).