Jabil Inc. provides electronic manufacturing services to various industries, including healthcare, automotive, and energy. Recently, Symmetry Partners LLC bought a new stake in Jabil Inc., and other large investors have either added or reduced their stakes in the company. Jabil’s Q4 2022 earnings results showed a $1.61 EPS, which missed the consensus estimate of $1.89 by ($0.28), and the company had a net margin of 2.83%. Jabil’s return on equity was 40.43%. Jabil also announced a quarterly dividend of $0.08 per share on March 2nd. Analysts have given Jabil a “buy” or “strong buy” rating, and the average target price for Jabil’s stock is $92.20. Investors interested in learning more about hedge funds holding JBL and the latest insider trades can visit HoldingsChannel.com. To stay up-to-date with Jabil’s news and analysts’ ratings, subscribe to MarketBeat.com’s free daily email newsletter.
Symmetry Partners LLC Acquires New Stake in Jabil Inc.
Jabil Inc. (NYSE:JBL – Get Rating) has a new stakeholder in Symmetry Partners LLC, according to the latest 13F filing with the Securities and Exchange Commission. The technology company saw a 246.4% increase in the position of Robeco Institutional Asset Management B.V. during the 3rd quarter, while B. Riley Wealth Advisors Inc. increased its stake by 8.4%.
Jabil has attracted the attention of other large investors, with Toroso Investments LLC acquiring a new position in the company during the 3rd quarter. Meanwhile, Teachers Retirement System of The State of Kentucky acquired a stake worth $1,275,000 during the same period, and CENTRAL TRUST Co increased its position by 42.1%.
As a result, 88.45% of the stock is currently owned by institutional investors and hedge funds.
Jabil Executives Sell Company Stock
Jabil Inc. executives Gerald Creadon and Kenneth S. Wilson recently sold company shares, according to legal filings with the SEC. Creadon sold 14,297 shares on December 21st at an average price of $70.75, resulting in a transaction value of $1,011,512.75. Following the sale, he held 60,965 shares worth $4,313,273.75. Wilson sold 5,000 shares on January 9th at an average price of $70.00, resulting in a transaction value of $350,000.00. Following the sale, he held 337,776 shares worth $23,644,320. Insiders sold a total of 197,562 shares of Jabil stock, valued at $14,936,641 in the last quarter, with company insiders now owning 2.75% of the company’s stock.
Jabil Stock Performance
Jabil’s stock opened at $78.96 on Friday and has a market cap of $10.52 billion. The stock has a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 0.86, and a beta of 1.43. The company has a quick ratio of 0.57, a current ratio of 1.02, and a debt-to-equity ratio of 1.02. Jabil’s 12-month low was $48.80, and its 12-month high was $85.70. The company has a fifty-day simple moving average of $81.00 and a 200-day simple moving average of $70.18.
Jabil Misses Earnings Estimate, Announces Dividend, and Receives Wall Street Analyst Coverage
Jabil (NYSE:JBL – Get Rating) missed the consensus estimate of $1.89 for Q4 earnings per share (EPS) on December 15th, reporting $1.61 EPS instead. The technology company’s revenue for the quarter was $9.64 billion, compared to an analyst estimate of $9.28 billion. Jabil had a net margin of 2.83% and a return on equity of 40.43%. Sell-side analysts predict that the company will post 7.81 EPS for the current fiscal year.
Dividend Announcement
Jabil announced its quarterly dividend on March 2nd, with a payout of $0.08 per share to stockholders of record on February 15th. The ex-dividend date of this dividend was February 14th, and the annualized dividend is $0.32 with a dividend yield of 0.41%. Jabil’s dividend payout ratio (DPR) is presently 4.64%.
Wall Street Analyst Coverage
Jabil has been the topic of several research analyst reports, with an average rating of “Buy” and an average target price of $92.20. The Goldman Sachs Group raised Jabil’s price target from $80.00 to $90.00 and gave the company a “buy” rating. Citigroup lifted Jabil’s target price from $80.00 to $85.00, while Raymond James raised it from $84.00 to $100.00 and gave the stock a “strong-buy” rating. StockNews.com issued a “buy” rating on Jabil, while UBS Group issued a “neutral” rating and a $76.00 target price. One equities research analyst has rated the stock as a hold, while three have assigned a buy rating and one has issued a strong buy rating.
Jabil’s Profile
According to MarketBeat, Jabil’s rating is “Buy”.
Jabil Inc. offers electronic manufacturing services and solutions to various industries including healthcare, automotive, and energy. For more information on hedge funds holding JBL and the latest insider trades, visit HoldingsChannel.com. Stay up-to-date with Jabil’s latest news and analysts’ ratings by subscribing to MarketBeat.com’s free daily email newsletter.
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