JBL Stock: Systematic Financial Management LP Lowers Position in Jabil Inc

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Systematic Financial Management LP lessened its stake in Jabil Inc (NYSE:JBL) by 13.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,805 shares of the technology company’s stock after selling 8,000 shares during the quarter. Systematic Financial Management LP’s holdings in Jabil were worth $1,422,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IHT Wealth Management LLC boosted its position in shares of Jabil by 142.6% during the second quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock worth $159,000 after buying an additional 211 shares during the period. Advisor Group Inc. boosted its position in Jabil by 68.2% during the second quarter. Advisor Group Inc. now owns 5,765 shares of the technology company’s stock valued at $168,000 after purchasing an additional 2,337 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Jabil by 9.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,054 shares of the technology company’s stock valued at $177,000 after purchasing an additional 547 shares during the last quarter. Stevens Capital Management LP acquired a new position in Jabil during the second quarter valued at approximately $206,000. Finally, Bridgewater Associates LP acquired a new position in Jabil during the second quarter valued at approximately $219,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

In other Jabil news, President William E. Peters sold 3,580 shares of Jabil stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $28.74, for a total transaction of $102,889.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark T. Mondello sold 30,000 shares of Jabil stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $29.02, for a total value of $870,600.00. The disclosure for this sale can be found here. Insiders sold a total of 147,680 shares of company stock valued at $4,204,246 over the last ninety days. 2.90% of the stock is currently owned by corporate insiders.

JBL has been the topic of several research analyst reports. BidaskClub lowered Jabil from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Needham & Company LLC restated a “buy” rating and issued a $37.00 price objective on shares of Jabil in a research note on Friday, September 1st. ValuEngine upgraded Jabil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 7th. Bank of America lowered Jabil from a “buy” rating to a “neutral” rating in a research note on Monday, September 25th. They noted that the move was a valuation call. Finally, Citigroup reissued a “sell” rating and set a $28.00 price target on shares of Jabil in a research report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.50.

Jabil Inc (NYSE JBL) traded up $0.16 during midday trading on Friday, hitting $27.88. The company had a trading volume of 2,637,831 shares, compared to its average volume of 2,134,281. Jabil Inc has a 12 month low of $21.31 and a 12 month high of $31.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.54 and a current ratio of 0.96. The firm has a market cap of $4,896.55, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 1.04 and a beta of 0.55.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Wednesday, September 27th. The technology company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Jabil had a return on equity of 14.47% and a net margin of 0.68%. The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period last year, the company posted $0.28 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. equities research analysts anticipate that Jabil Inc will post 2.22 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Tuesday, November 14th. Jabil’s payout ratio is 46.38%.

About Jabil

Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.

Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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