Fulton Bank N.A. Acquires Shares of 1,733 Jabil Inc. (NYSE:JBL)

Fulton Bank N.A. acquired a new stake in shares of Jabil Inc. (NYSE:JBLFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,733 shares of the technology company’s stock, valued at approximately $221,000.

Several other large investors have also bought and sold shares of JBL. JPMorgan Chase & Co. lifted its holdings in shares of Jabil by 71.2% during the first quarter. JPMorgan Chase & Co. now owns 6,232,495 shares of the technology company’s stock valued at $549,457,000 after purchasing an additional 2,591,893 shares during the last quarter. Norges Bank purchased a new position in shares of Jabil during the fourth quarter valued at approximately $102,656,000. FMR LLC lifted its holdings in shares of Jabil by 15.9% during the third quarter. FMR LLC now owns 10,525,084 shares of the technology company’s stock valued at $1,335,528,000 after purchasing an additional 1,440,857 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Jabil by 230.6% during the first quarter. Invesco Ltd. now owns 1,863,230 shares of the technology company’s stock valued at $115,018,000 after purchasing an additional 1,299,593 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Jabil by 1,610.7% during the first quarter. Envestnet Asset Management Inc. now owns 1,198,451 shares of the technology company’s stock valued at $6,215,000 after purchasing an additional 1,128,393 shares during the last quarter. 92.88% of the stock is owned by institutional investors.

Jabil Trading Down 16.5 %

NYSE:JBL opened at $123.15 on Monday. Jabil Inc. has a 12 month low of $74.16 and a 12 month high of $156.94. The company has a 50 day simple moving average of $135.56 and a two-hundred day simple moving average of $127.53. The company has a current ratio of 1.12, a quick ratio of 0.73 and a debt-to-equity ratio of 1.13. The company has a market cap of $15.71 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 1.51 and a beta of 1.41.

Jabil (NYSE:JBLGet Free Report) last issued its quarterly earnings data on Thursday, December 14th. The technology company reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.02. Jabil had a net margin of 2.36% and a return on equity of 41.09%. The firm had revenue of $8.39 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. The company’s revenue for the quarter was down 13.0% compared to the same quarter last year. Research analysts forecast that Jabil Inc. will post 8.22 earnings per share for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Thursday, February 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Wednesday, February 14th. Jabil’s dividend payout ratio is currently 2.75%.

Analyst Ratings Changes

JBL has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Jabil from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, December 15th. JPMorgan Chase & Co. decreased their price objective on shares of Jabil from $150.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday, November 29th. Barclays decreased their price objective on shares of Jabil from $153.00 to $151.00 and set an “overweight” rating for the company in a report on Wednesday, January 17th. Finally, The Goldman Sachs Group boosted their price objective on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Jabil currently has an average rating of “Buy” and a consensus target price of $144.75.

View Our Latest Analysis on Jabil

Insider Buying and Selling

In related news, Director David M. Stout sold 31,300 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $123.12, for a total value of $3,853,656.00. Following the completion of the transaction, the director now owns 67,300 shares of the company’s stock, valued at approximately $8,285,976. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Jabil news, Director David M. Stout sold 31,300 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $123.12, for a total value of $3,853,656.00. Following the sale, the director now owns 67,300 shares in the company, valued at approximately $8,285,976. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Steven D. Borges sold 14,175 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $1,842,750.00. Following the completion of the sale, the chief executive officer now owns 103,086 shares in the company, valued at approximately $13,401,180. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,658 shares of company stock valued at $7,011,771. Company insiders own 2.62% of the company’s stock.

Jabil Profile

(Free Report)

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).

See Also

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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