703 Shares in Jabil Inc. (NYSE:JBL) Purchased by Avalon Trust Co

Avalon Trust Co acquired a new position in Jabil Inc. (NYSE:JBL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 703 shares of the technology company’s stock, valued at approximately $90,000.

Several other large investors also recently bought and sold shares of JBL. Commonwealth Equity Services LLC boosted its position in Jabil by 5.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 29,966 shares of the technology company’s stock valued at $3,802,000 after buying an additional 1,561 shares during the period. Bank of New York Mellon Corp raised its holdings in Jabil by 7.0% in the third quarter. Bank of New York Mellon Corp now owns 1,513,406 shares of the technology company’s stock valued at $192,036,000 after acquiring an additional 99,174 shares in the last quarter. Forsta AP Fonden purchased a new position in Jabil in the third quarter worth approximately $3,553,000. Mackenzie Financial Corp grew its holdings in Jabil by 63.8% during the 3rd quarter. Mackenzie Financial Corp now owns 10,168 shares of the technology company’s stock worth $1,297,000 after acquiring an additional 3,960 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its position in shares of Jabil by 1.1% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 25,327 shares of the technology company’s stock valued at $3,214,000 after purchasing an additional 272 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Stock Performance

NYSE JBL traded up $1.96 during trading on Friday, reaching $117.22. The company’s stock had a trading volume of 1,104,012 shares, compared to its average volume of 1,379,948. Jabil Inc. has a twelve month low of $75.48 and a twelve month high of $156.94. The firm has a market cap of $14.14 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 1.25 and a beta of 1.42. The business’s fifty day moving average price is $133.80 and its 200-day moving average price is $130.00. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17.

Jabil (NYSE:JBL) last posted 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). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.91 billion. As a group, analysts anticipate that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be issued 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 yield of 0.27%. Jabil’s dividend payout ratio is currently 2.75%.

Wall Street Analysts Forecast Growth

JBL has been the subject of several analyst reports. Barclays lowered their price objective on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, March 18th. Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. The Goldman Sachs Group upped their target price on shares of Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $144.50.

Insider Activity at Jabil

In related news, 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 transaction, the executive vice president now owns 65,434 shares of the company’s stock, valued at $8,874,159.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Jabil news, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the transaction, the senior vice president now owns 29,006 shares in the company, valued at $4,050,687.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Gerald Creadon sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total transaction of $406,860.00. Following the completion of the sale, the executive vice president now owns 65,434 shares in the company, valued at $8,874,159.08. The disclosure for this sale can be found here. Insiders sold a total of 75,877 shares of company stock worth $9,824,383 over the last 90 days. Company insiders own 2.62% of the company’s stock.

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).