43,624 Shares in Jabil Inc (JBL) Purchased by Banco de Sabadell S.A
Banco de Sabadell S.A purchased a new stake in Jabil Inc (NYSE:JBL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 43,624 shares of the technology company’s stock, valued at approximately $1,145,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in JBL. Premia Global Advisors LLC purchased a new stake in Jabil in the fourth quarter valued at $174,000. Signition LP purchased a new stake in Jabil in the fourth quarter valued at $202,000. Alambic Investment Management L.P. purchased a new stake in Jabil in the fourth quarter valued at $215,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Jabil by 47.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,907 shares of the technology company’s stock valued at $234,000 after acquiring an additional 2,853 shares during the last quarter. Finally, ETRADE Capital Management LLC purchased a new stake in Jabil in the third quarter valued at $238,000. 99.76% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on JBL. Zacks Investment Research cut shares of Jabil from a “hold” rating to a “sell” rating in a report on Tuesday. Standpoint Research raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Goldman Sachs reduced their target price on shares of Jabil to $24.00 and set a “sell” rating for the company in a report 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 report on Monday, December 18th. Finally, Raymond James Financial reaffirmed a “hold” rating on shares of Jabil in a report on Thursday, December 14th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Jabil currently has an average rating of “Hold” and a consensus price target of $32.90.
Shares of Jabil Inc (NYSE:JBL) opened at $29.25 on Friday. Jabil Inc has a 1-year low of $23.70 and a 1-year high of $31.77. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 0.95. The company has a market cap of $5,392.00, a PE ratio of 43.66, a PEG ratio of 1.25 and a beta of 0.44.
Jabil (NYSE:JBL) last announced its earnings results on Thursday, March 15th. The technology company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. The business had revenue of $5.30 billion during the quarter, compared to analysts’ expectations of $4.91 billion. Jabil had a net margin of 0.60% and a return on equity of 14.31%. The business’s revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 earnings per share. sell-side analysts anticipate that Jabil Inc will post 2.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 15th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, February 14th. This represents a $0.32 annualized dividend and a yield of 1.09%. Jabil’s dividend payout ratio is currently 47.76%.
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Jabil Company Profile
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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