Field & Main Bank Buys 100 Shares of Jabil Inc. (NYSE:JBL)

Field & Main Bank lifted its position in Jabil Inc. (NYSE:JBL) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,875 shares of the technology company’s stock after purchasing an additional 100 shares during the period. Field & Main Bank’s holdings in Jabil were worth $239,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of JBL. State of New Jersey Common Pension Fund D increased its stake in shares of Jabil by 3.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 72,654 shares of the technology company’s stock valued at $9,256,000 after buying an additional 2,148 shares during the period. Stevens Capital Management LP bought a new stake in shares of Jabil in the 4th quarter valued at about $1,279,000. Alaska Permanent Fund Corp bought a new position in shares of Jabil during the fourth quarter valued at approximately $29,000. GAMMA Investing LLC purchased a new position in Jabil during the fourth quarter valued at approximately $81,000. Finally, California Public Employees Retirement System lifted its holdings in Jabil by 2.6% during the fourth quarter. California Public Employees Retirement System now owns 784,669 shares of the technology company’s stock worth $99,967,000 after buying an additional 19,611 shares during the period. Institutional investors own 93.39% of the company’s stock.

Insider Transactions at Jabil

In related news, EVP Gerald Creadon sold 3,000 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total transaction of $406,860.00. Following the sale, the executive vice president now directly owns 65,434 shares of the company’s stock, valued at $8,874,159.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Kenneth S. Wilson sold 15,000 shares of Jabil stock in a transaction on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the sale, the chief executive officer now owns 339,725 shares of the company’s stock, valued at approximately $45,591,095. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gerald Creadon sold 3,000 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the transaction, the executive vice president now owns 65,434 shares of the company’s stock, valued at $8,874,159.08. The disclosure for this sale can be found here. Insiders have sold 75,877 shares of company stock valued at $9,824,383 in the last 90 days. 2.62% of the stock is currently owned by company insiders.

Jabil Stock Performance

Shares of JBL stock traded up $1.60 during mid-day trading on Monday, reaching $119.87. The stock had a trading volume of 1,615,695 shares, compared to its average volume of 1,379,544. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08. Jabil Inc. has a 1-year low of $75.48 and a 1-year high of $156.94. The firm has a market cap of $14.46 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 1.26 and a beta of 1.40. The business’s fifty day moving average is $135.60 and its 200-day moving average is $130.54.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The business had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. On average, research analysts forecast that Jabil Inc. will post 7.83 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be given a $0.08 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 annualized dividend and a yield of 0.27%. Jabil’s dividend payout ratio is presently 2.75%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays decreased their price objective on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday, March 18th. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, The Goldman Sachs Group increased their price objective on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $144.50.

Jabil Company 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).