Jabil Inc (NYSE:JBL) Holdings Reduced by Rhumbline Advisers

Rhumbline Advisers trimmed its position in shares of Jabil Inc (NYSE:JBL) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 324,178 shares of the technology company’s stock after selling 3,947 shares during the period. Rhumbline Advisers owned 0.18% of Jabil worth $9,255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. IHT Wealth Management LLC lifted its stake in shares of Jabil by 142.6% in the 2nd quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock valued at $159,000 after purchasing an additional 211 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Jabil by 68.2% in the 2nd quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock valued at $168,000 after purchasing an additional 2,337 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Jabil by 9.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock valued at $177,000 after purchasing an additional 547 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of Jabil in the 2nd quarter valued at $206,000. Finally, Bridgewater Associates LP acquired a new stake in shares of Jabil in the 2nd quarter valued at $219,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

In other news, CEO Mark T. Mondello sold 30,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $29.02, for a total transaction of $870,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President William E. Peters sold 3,580 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $28.74, for a total transaction of $102,889.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,680 shares of company stock valued at $4,204,246. 2.90% of the stock is owned by insiders.

Shares of Jabil Inc (JBL) traded down $0.55 during mid-day trading on Wednesday, hitting $28.19. 2,824,200 shares of the stock were exchanged, compared to its average volume of 1,891,320. Jabil Inc has a 12 month low of $20.44 and a 12 month high of $31.70. The firm has a market capitalization of $5,076.72, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 1.08 and a beta of 0.55. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.54.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, September 27th. The technology company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Jabil had a net margin of 0.68% and a return on equity of 14.47%. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the business posted $0.28 earnings per share. Jabil’s revenue was up 13.4% compared to the same quarter last year. equities research analysts anticipate that Jabil Inc will post 2.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Tuesday, November 14th. Jabil’s dividend payout ratio is 46.38%.

JBL has been the subject of several analyst reports. BidaskClub lowered shares of Jabil from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Needham & Company LLC restated a “buy” rating and set a $37.00 price objective on shares of Jabil in a report on Friday, September 1st. ValuEngine upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 7th. Bank of America cut shares of Jabil from a “buy” rating to a “neutral” rating in a research note on Monday, September 25th. They noted that the move was a valuation call. Finally, Citigroup reissued a “sell” rating and issued a $28.00 target price on shares of Jabil in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Jabil has an average rating of “Hold” and an average target price of $30.50.

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Jabil Profile

Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.

Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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