Affinity Investment Advisors LLC Sells 423 Shares of Jabil Inc. (NYSE:JBL)

Affinity Investment Advisors LLC reduced its holdings in Jabil Inc. (NYSE:JBL) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,832 shares of the technology company’s stock after selling 423 shares during the quarter. Affinity Investment Advisors LLC’s holdings in Jabil were worth $699,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in JBL. HHM Wealth Advisors LLC bought a new position in Jabil in the 2nd quarter worth approximately $28,000. ORG Partners LLC bought a new position in Jabil during the first quarter worth $29,000. Innealta Capital LLC acquired a new position in Jabil during the 2nd quarter valued at $31,000. Family Firm Inc. acquired a new stake in Jabil in the 2nd quarter worth $37,000. Finally, Matrix Trust Co increased its holdings in shares of Jabil by 135.4% during the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after purchasing an additional 214 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Jabil Price Performance

Shares of JBL stock opened at $127.67 on Friday. The stock’s fifty day simple moving average is $115.99 and its 200 day simple moving average is $114.72. Jabil Inc. has a one year low of $95.85 and a one year high of $156.94. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 1.46 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same period in the previous year, the business earned $2.34 earnings per share. The company’s revenue for the quarter was down 17.7% compared to the same quarter last year. On average, analysts expect that Jabil Inc. will post 7.84 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, November 15th. This represents a $0.32 annualized dividend and a yield of 0.25%. Jabil’s dividend payout ratio (DPR) is 2.90%.

Insider Transactions at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total transaction of $474,800.00. Following the transaction, the executive vice president now owns 108,753 shares of the company’s stock, valued at approximately $12,908,981.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the sale, the director now directly owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total transaction of $474,800.00. Following the sale, the executive vice president now directly owns 108,753 shares of the company’s stock, valued at approximately $12,908,981.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,689 shares of company stock worth $5,377,431. Corporate insiders own 2.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on JBL shares. Stifel Nicolaus increased their target price on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. decreased their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Barclays upped their target price on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, Bank of America lifted their price target on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.50.

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).