SG Americas Securities LLC trimmed its holdings in shares of Jabil Inc (NYSE:JBL) by 34.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 33,342 shares of the technology company’s stock after selling 17,579 shares during the period. SG Americas Securities LLC’s holdings in Jabil were worth $958,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in JBL. NorthCoast Asset Management LLC lifted its holdings in shares of Jabil by 689.6% during the 4th quarter. NorthCoast Asset Management LLC now owns 940,389 shares of the technology company’s stock worth $24,685,000 after acquiring an additional 821,294 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Jabil by 31.8% during the 4th quarter. Bank of New York Mellon Corp now owns 3,167,430 shares of the technology company’s stock worth $83,147,000 after acquiring an additional 763,647 shares during the period. LSV Asset Management lifted its holdings in shares of Jabil by 18.7% during the 4th quarter. LSV Asset Management now owns 4,725,209 shares of the technology company’s stock worth $124,036,000 after acquiring an additional 745,305 shares during the period. Renaissance Technologies LLC bought a new position in shares of Jabil during the 4th quarter worth about $18,543,000. Finally, BlackRock Inc. increased its position in shares of Jabil by 4.1% during the 4th quarter. BlackRock Inc. now owns 15,673,789 shares of the technology company’s stock worth $411,435,000 after purchasing an additional 616,359 shares in the last quarter. 88.74% of the stock is owned by institutional investors.
Shares of Jabil opened at $28.21 on Friday, MarketBeat Ratings reports. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 0.95. The stock has a market cap of $4.90 billion, a P/E ratio of 15.10, a PEG ratio of 1.14 and a beta of 0.43. Jabil Inc has a 12-month low of $23.70 and a 12-month high of $31.77.
Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, March 15th. The technology company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.04. The firm had revenue of $5.30 billion during the quarter, compared to analysts’ expectations of $4.91 billion. Jabil had a net margin of 0.60% and a return on equity of 14.31%. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS. equities research analysts forecast that Jabil Inc will post 2.05 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.13%. The ex-dividend date is Monday, May 14th. Jabil’s payout ratio is presently 17.30%.
JBL has been the subject of a number of recent analyst reports. Standpoint Research upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Zacks Investment Research upgraded shares of Jabil from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. ValuEngine cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Goldman Sachs Group dropped their target price on shares of Jabil to $24.00 and set a “sell” rating for the company in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $32.90.
In other Jabil news, Director Thomas A. Sansone sold 15,000 shares of the firm’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $29.88, for a total value of $448,200.00. Following the completion of the sale, the director now owns 184,188 shares in the company, valued at approximately $5,503,537.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Erich Hoch sold 2,029 shares of the firm’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $29.80, for a total transaction of $60,464.20. Following the completion of the sale, the executive vice president now owns 204,325 shares of the company’s stock, valued at approximately $6,088,885. The disclosure for this sale can be found here. Insiders sold a total of 77,066 shares of company stock valued at $2,189,368 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.
Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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).
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