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

Field & Main Bank boosted its position in Jabil Inc. (NYSE:JBL) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,875 shares of the technology company’s stock after acquiring an additional 100 shares during the period. Field & Main Bank’s holdings in Jabil were worth $239,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Alaska Permanent Fund Corp acquired a new stake in Jabil in the 4th quarter valued at $29,000. CVA Family Office LLC bought a new stake in shares of Jabil during the fourth quarter worth about $36,000. Valley National Advisers Inc. bought a new position in Jabil in the 4th quarter valued at about $36,000. Hanseatic Management Services Inc. acquired a new position in Jabil during the 3rd quarter valued at about $48,000. Finally, Ceredex Value Advisors LLC bought a new stake in Jabil during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Activity

In other Jabil news, Chairman Mark T. Mondello sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total value of $6,304,500.00. Following the completion of the transaction, the chairman now owns 1,809,194 shares in the company, valued at approximately $228,121,271.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Jabil news, Chairman Mark T. Mondello sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total value of $6,304,500.00. Following the sale, the chairman now directly owns 1,809,194 shares in the company, valued at approximately $228,121,271.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the transaction, the executive vice president now directly owns 65,434 shares in the company, valued at approximately $8,874,159.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 75,877 shares of company stock worth $9,824,383. 2.62% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Jabil Stock Performance

NYSE:JBL traded up $1.60 during trading hours 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. Jabil Inc. has a 12-month low of $75.48 and a 12-month high of $156.94. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. The stock has a 50 day simple moving average of $135.60 and a 200 day simple moving average of $130.54. The stock has a market cap of $14.46 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40.

Jabil (NYSE:JBL) last released its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing the consensus estimate 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 net margin of 4.70% and a return on equity of 39.47%. On average, research analysts forecast that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

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

About Jabil

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).