LMR Partners LLP Lowers Holdings in Jabil Inc (JBL)

LMR Partners LLP decreased its position in Jabil Inc (NYSE:JBL) by 50.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 16,545 shares of the technology company’s stock after selling 17,077 shares during the period. LMR Partners LLP’s holdings in Jabil were worth $472,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in shares of Jabil by 17.2% during the second quarter. PNC Financial Services Group Inc. now owns 9,607 shares of the technology company’s stock valued at $281,000 after acquiring an additional 1,413 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Jabil by 5.0% during the second quarter. Legal & General Group Plc now owns 914,334 shares of the technology company’s stock valued at $26,688,000 after acquiring an additional 43,628 shares during the last quarter. Chicago Equity Partners LLC boosted its stake in shares of Jabil by 315.7% during the second quarter. Chicago Equity Partners LLC now owns 185,845 shares of the technology company’s stock valued at $5,425,000 after acquiring an additional 141,140 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of Jabil by 62.0% during the second quarter. Martingale Asset Management L P now owns 249,995 shares of the technology company’s stock valued at $7,298,000 after acquiring an additional 95,635 shares during the last quarter. Finally, PGGM Investments boosted its stake in shares of Jabil by 2.7% during the second quarter. PGGM Investments now owns 113,091 shares of the technology company’s stock valued at $3,301,000 after acquiring an additional 3,006 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors.

A number of research firms recently commented on JBL. UBS AG reaffirmed a “buy” rating and set a $35.00 price objective on shares of Jabil in a research note on Tuesday, October 17th. Goldman Sachs Group Inc lowered Jabil from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $28.00 to $26.00 in a research note on Tuesday, October 10th. ValuEngine lowered Jabil from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised Jabil from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $30.00 price objective on shares of Jabil in a research note on Thursday, September 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $30.50.

Jabil Inc (JBL) traded up $0.01 during midday trading on Monday, reaching $29.78. The company had a trading volume of 742,500 shares, compared to its average volume of 1,870,618. Jabil Inc has a 1 year low of $20.43 and a 1 year high of $31.70. The stock has a market capitalization of $5,260.43, a P/E ratio of 16.01, a PEG ratio of 1.12 and a beta of 0.53. 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 released its earnings results on Wednesday, September 27th. The technology company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Jabil had a return on equity of 14.47% and a net margin of 0.68%. The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the prior year, the business posted $0.28 earnings per share. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. sell-side analysts predict that Jabil Inc will post 2.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.32 annualized dividend and a yield of 1.07%. Jabil’s dividend payout ratio (DPR) is presently 46.38%.

In related news, CEO Erich Hoch sold 2,500 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $28.49, for a total transaction of $71,225.00. Following the transaction, the chief executive officer now directly owns 206,943 shares in the company, valued at $5,895,806.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark T. Mondello sold 30,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $31.32, for a total value of $939,600.00. Following the transaction, the chief executive officer now owns 1,877,619 shares in the company, valued at $58,807,027.08. The disclosure for this sale can be found here. Insiders have sold 147,680 shares of company stock worth $4,289,446 over the last quarter. 2.90% of the stock is currently owned by company insiders.

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Jabil Company 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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