National Bank of Canada FI Has $7.31 Million Position in Jabil, Inc. (NYSE:JBL)

National Bank of Canada FI boosted its stake in shares of Jabil, Inc. (NYSE:JBL) by 45.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,731 shares of the technology company’s stock after buying an additional 16,702 shares during the quarter. National Bank of Canada FI owned approximately 0.05% of Jabil worth $7,311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV bought a new position in shares of Jabil in the 1st quarter worth about $27,000. Harbor Capital Advisors Inc. raised its position in shares of Jabil by 110.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock worth $30,000 after acquiring an additional 116 shares in the last quarter. Golden State Wealth Management LLC raised its position 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. True Wealth Design LLC raised its position in shares of Jabil by 3,411.1% in the 4th quarter. True Wealth Design LLC now owns 316 shares of the technology company’s stock worth $45,000 after acquiring an additional 307 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Jabil in the 1st quarter worth about $52,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Jabil

In other Jabil news, Director Steven A. Raymund sold 15,955 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $216.83, for a total transaction of $3,459,522.65. Following the completion of the transaction, the director directly owned 99,828 shares of the company’s stock, valued at approximately $21,645,705.24. This represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Dastoor sold 18,234 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $191.66, for a total value of $3,494,728.44. Following the transaction, the chief executive officer directly owned 203,459 shares of the company’s stock, valued at approximately $38,994,951.94. This trade represents a 8.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 332,847 shares of company stock valued at $66,534,847 in the last quarter. Insiders own 1.73% of the company’s stock.

Jabil Stock Performance

Shares of Jabil stock opened at $219.18 on Thursday. The company has a market cap of $23.52 billion, a PE ratio of 42.56, a price-to-earnings-growth ratio of 1.61 and a beta of 1.20. Jabil, Inc. has a 52 week low of $99.67 and a 52 week high of $232.84. The business has a 50 day moving average price of $212.70 and a 200-day moving average price of $172.03. 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 released its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating 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 quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 earnings per share. Equities analysts anticipate that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be issued a dividend of $0.08 per share. This represents a yield of 14.0%. The ex-dividend date of this dividend is Friday, August 15th. Jabil’s dividend payout ratio is 6.21%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on JBL shares. Wall Street Zen lowered Jabil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 12th. Bank of America lifted their price objective on Jabil from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, June 20th. Barclays lifted their price objective on Jabil from $206.00 to $223.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 17th. The Goldman Sachs Group boosted their target price on Jabil from $188.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. upped their price target on Jabil from $214.00 to $256.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $231.71.

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).