Jabil Inc (JBL) Position Increased by Flinton Capital Management LLC
Flinton Capital Management LLC lifted its position in Jabil Inc (NYSE:JBL) by 11.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 296,044 shares of the technology company’s stock after buying an additional 31,164 shares during the period. Flinton Capital Management LLC’s holdings in Jabil were worth $7,771,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBL. Stevens Capital Management LP increased its position in shares of Jabil by 162.8% in the 3rd quarter. Stevens Capital Management LP now owns 18,563 shares of the technology company’s stock valued at $530,000 after buying an additional 11,499 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Jabil in the 3rd quarter valued at $273,000. Candriam Luxembourg S.C.A. bought a new stake in shares of Jabil in the 3rd quarter valued at $2,250,000. Sei Investments Co. increased its position in shares of Jabil by 10.7% in the 3rd quarter. Sei Investments Co. now owns 67,364 shares of the technology company’s stock valued at $1,924,000 after buying an additional 6,487 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Jabil by 79.5% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 230,313 shares of the technology company’s stock valued at $6,575,000 after buying an additional 101,970 shares in the last quarter. Institutional investors and hedge funds own 99.65% of the company’s stock.
In other news, President William E. Peters sold 13,915 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $26.91, for a total transaction of $374,452.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Sergio Cadavid sold 12,000 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $28.50, for a total transaction of $342,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,745 shares of company stock valued at $1,462,436. Company insiders own 2.60% of the company’s stock.
Jabil (NYSE:JBL) last announced its earnings results on Thursday, December 14th. The technology company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.01. Jabil had a net margin of 0.54% and a return on equity of 12.95%. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same period in the prior year, the business earned $0.69 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. analysts predict that Jabil Inc will post 2.06 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.13%. Jabil’s dividend payout ratio is 56.14%.
A number of research firms recently commented on JBL. Standpoint Research upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Zacks Investment Research raised shares of Jabil from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. Goldman Sachs Group reduced their target price on shares of Jabil to $24.00 and set a “sell” rating for the company in a research note on Friday, January 26th. Argus raised shares of Jabil from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Monday, December 18th. Finally, Raymond James Financial reaffirmed a “hold” rating on shares of Jabil in a research note on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.90.
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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.
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