Bbva Compass Bancshares Inc. trimmed its stake in Jabil Inc (NYSE:JBL) by 44.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,263 shares of the technology company’s stock after selling 6,518 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Jabil were worth $219,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. JOYN Advisors Inc. increased its holdings in Jabil by 2,157.4% in the fourth quarter. JOYN Advisors Inc. now owns 1,061 shares of the technology company’s stock valued at $26,000 after purchasing an additional 1,014 shares during the period. Penserra Capital Management LLC acquired a new stake in Jabil in the fourth quarter valued at $34,000. Doyle Wealth Management acquired a new stake in Jabil in the fourth quarter valued at $73,000. Squar Milner Financial Services LLC acquired a new stake in Jabil in the first quarter valued at $118,000. Finally, Advisor Group Inc. increased its holdings in Jabil by 16.9% in the fourth quarter. Advisor Group Inc. now owns 7,998 shares of the technology company’s stock valued at $198,000 after purchasing an additional 1,154 shares during the period. Institutional investors and hedge funds own 91.88% of the company’s stock.
A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Jabil from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Raymond James upgraded Jabil from a “market perform” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a report on Monday, April 1st. Finally, TheStreet upgraded Jabil from a “c+” rating to a “b” rating in a report on Monday, February 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Jabil has a consensus rating of “Hold” and an average price target of $29.17.
Shares of Jabil stock opened at $28.30 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.02 and a quick ratio of 0.60. Jabil Inc has a 1-year low of $21.49 and a 1-year high of $31.50. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 1.00 and a beta of 0.65.
Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, March 14th. The technology company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). Jabil had a return on equity of 18.89% and a net margin of 0.74%. The business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the previous year, the business posted $0.66 earnings per share. The business’s revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts forecast that Jabil Inc will post 2.3 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.13%. Jabil’s payout ratio is currently 14.75%.
In other Jabil news, SVP Sergio Cadavid sold 5,888 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $30.00, for a total transaction of $176,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Alessandro Parimbelli sold 17,000 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $29.22, for a total value of $496,740.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,888 shares of company stock valued at $1,607,030. Company insiders own 2.90% of the company’s stock.
Jabil Company Profile
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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