Livforsakringsbolaget Skandia Omsesidigt Buys 10,402 Shares of Jabil, Inc. $JBL

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Jabil, Inc. (NYSE:JBL) by 18.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,950 shares of the technology company’s stock after purchasing an additional 10,402 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Jabil were worth $14,592,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in JBL. Creative Financial Designs Inc. ADV bought a new stake in Jabil during the 1st quarter valued at $27,000. Harbor Capital Advisors Inc. boosted its position in shares of Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock valued at $30,000 after buying an additional 116 shares during the last quarter. Groupe la Francaise grew its holdings in Jabil by 35.2% during the first quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock worth $34,000 after buying an additional 64 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of Jabil by 2,400.0% in the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company’s stock worth $37,000 after acquiring an additional 264 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in shares of Jabil in the 1st quarter worth approximately $52,000. Institutional investors own 93.39% of the company’s stock.

Insider Activity at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $200.02, for a total value of $4,000,400.00. Following the completion of the transaction, the chairman directly owned 1,400,190 shares in the company, valued at approximately $280,066,003.80. This represents a 1.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anousheh Ansari sold 1,000 shares of the firm’s stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $222.75, for a total value of $222,750.00. Following the transaction, the director directly owned 36,400 shares in the company, valued at approximately $8,108,100. This represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,371 shares of company stock worth $22,085,161 in the last three months. 1.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

JBL has been the subject of several research analyst reports. Zacks Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. The Goldman Sachs Group raised their price objective on shares of Jabil from $188.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th. Raymond James Financial reiterated a “strong-buy” rating and issued a $230.00 target price (up from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. JPMorgan Chase & Co. increased their target price on shares of Jabil from $214.00 to $256.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Finally, Argus upgraded Jabil from a “hold” rating to a “buy” rating in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $231.71.

Jabil Price Performance

Shares of NYSE JBL opened at $223.35 on Friday. The stock’s 50-day simple moving average is $216.22 and its two-hundred day simple moving average is $180.57. Jabil, Inc. has a twelve month low of $108.66 and a twelve month high of $232.84. The firm has a market capitalization of $23.97 billion, a P/E ratio of 43.37, a P/E/G ratio of 1.26 and a beta of 1.25. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.28 by $0.27. The company had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%.Jabil’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.89 earnings per share. As a group, equities analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were given a dividend of $0.08 per share. The ex-dividend date was Friday, August 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.1%. Jabil’s dividend payout ratio (DPR) is 6.21%.

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).