First Citizens Bank & Trust Co. raised its position in shares of Jabil Inc (NYSE:JBL) by 37.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,386 shares of the technology company’s stock after purchasing an additional 3,379 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Jabil were worth $329,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Jabil by 8.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,338 shares of the technology company’s stock valued at $256,000 after acquiring an additional 773 shares during the period. Xact Kapitalforvaltning AB grew its stake in shares of Jabil by 3.9% during the 4th quarter. Xact Kapitalforvaltning AB now owns 24,048 shares of the technology company’s stock valued at $596,000 after acquiring an additional 900 shares during the period. JOYN Advisors Inc. grew its stake in shares of Jabil by 2,157.4% during the 4th quarter. JOYN Advisors Inc. now owns 1,061 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,014 shares during the period. IMS Capital Management bought a new position in shares of Jabil during the 3rd quarter valued at approximately $31,000. Finally, Advisor Group Inc. grew its stake in shares of Jabil by 16.9% during the 4th quarter. Advisor Group Inc. now owns 7,998 shares of the technology company’s stock valued at $198,000 after acquiring an additional 1,154 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.
Shares of Jabil stock opened at $30.90 on Wednesday. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 1.09 and a beta of 0.60. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.60 and a current ratio of 1.02. Jabil Inc has a 52 week low of $21.49 and a 52 week high of $30.92.
Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, March 14th. The technology company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.06). The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.12 billion. Jabil had a net margin of 0.74% and a return on equity of 18.89%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $0.66 EPS. On average, equities analysts expect that Jabil Inc will post 2.31 EPS for the current fiscal year.
A number of research firms recently commented on JBL. Zacks Investment Research raised Jabil from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, January 9th. TheStreet raised Jabil from a “c+” rating to a “b” rating in a report on Monday, February 25th. Raymond James raised Jabil from a “market perform” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a report on Monday, April 1st. Finally, Royal Bank of Canada upped their price objective on Jabil to $30.00 and gave the stock an “average” rating in a report on Wednesday, December 19th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Jabil currently has a consensus rating of “Hold” and an average price target of $29.17.
In related news, CEO Michael J. Loparco sold 5,000 shares of the company’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $25.67, for a total transaction of $128,350.00. Following the completion of the sale, the chief executive officer now directly owns 296,943 shares in the company, valued at approximately $7,622,526.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael J. Loparco sold 2,500 shares of the company’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $26.40, for a total value of $66,000.00. Following the sale, the chief executive officer now owns 291,943 shares of the company’s stock, valued at $7,707,295.20. The disclosure for this sale can be found here. Insiders sold a total of 61,410 shares of company stock worth $1,757,296 in the last ninety days. 2.90% of the stock is currently owned by corporate insiders.
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Jabil Company Profile
Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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).
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