Jabil Inc. (NYSE:JBL) Shares Bought by Empire Financial Management Company LLC

Empire Financial Management Company LLC grew its holdings in Jabil Inc. (NYSE:JBL) by 11.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,470 shares of the technology company’s stock after purchasing an additional 1,105 shares during the period. Empire Financial Management Company LLC’s holdings in Jabil were worth $1,255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. HHM Wealth Advisors LLC purchased a new stake in shares of Jabil in the 2nd quarter valued at approximately $28,000. Innealta Capital LLC purchased a new stake in Jabil in the second quarter valued at approximately $31,000. Capital Performance Advisors LLP purchased a new stake in Jabil in the third quarter valued at approximately $32,000. Family Firm Inc. acquired a new position in Jabil during the second quarter worth $37,000. Finally, Brooklyn Investment Group purchased a new position in shares of Jabil during the third quarter worth $39,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Jabil

In other Jabil news, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the transaction, the senior vice president now owns 41,507 shares of the company’s stock, valued at $5,051,816.97. The trade was a 22.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Matthew Crowley sold 1,380 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the sale, the executive vice president now directly owns 18,568 shares of the company’s stock, valued at $2,336,411.44. The trade was a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,689 shares of company stock valued at $5,377,431 over the last ninety days. Insiders own 2.62% of the company’s stock.

Jabil Stock Down 1.1 %

Shares of NYSE:JBL opened at $132.76 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The stock has a market cap of $14.98 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. The firm’s 50 day moving average price is $128.67 and its 200 day moving average price is $117.23.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The business’s quarterly revenue was down 17.7% on a year-over-year basis. During the same quarter last year, the company earned $2.34 EPS. As a group, equities research analysts predict that Jabil Inc. will post 7.89 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.32 annualized dividend and a yield of 0.24%. Jabil’s dividend payout ratio is currently 2.90%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JBL shares. JPMorgan Chase & Co. decreased their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Stifel Nicolaus increased their price target on shares of Jabil from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Bank of America lifted their price objective on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. StockNews.com upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Barclays boosted their price target on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.17.

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).