The Producers Life Insurance coverage Firm Purchases 21,055 Shares of Jabil Inc. (NYSE:JBL)

The Producers Life Insurance coverage Firm elevated its stake in shares of Jabil Inc. (NYSE:JBL) by 14.3% within the third quarter, in keeping with the corporate in its most up-to-date submitting with the Securities and Alternate Fee (SEC). The institutional investor owned 167,885 shares of the know-how firm’s inventory after buying an extra 21,055 shares in the course of the quarter. The Producers Life Insurance coverage Firm owned roughly 0.12% of Jabil price $9,799,000 on the finish of the newest reporting interval.

Quite a few different hedge funds additionally just lately added to or diminished their stakes within the inventory. Federated Hermes Inc. elevated its place in Jabil by 351.5% within the 2nd quarter. Federated Hermes Inc. now owns 195,334 shares of the know-how firm’s inventory valued at $11,353,000 after buying an extra 152,067 shares in the course of the interval. Handelsbanken Fonder AB elevated its place in Jabil by 27.9% within the third quarter. Handelsbanken Fonder AB now owns 30,748 shares of the know-how firm’s inventory valued at $1,795,000 after buying an extra 6,700 shares in the course of the interval. Toronto Dominion Financial institution acquired a brand new place in Jabil within the third quarter valued at roughly $2,913,000. State of New Jersey Widespread Pension Fund D elevated its place in Jabil by 2.9% within the third quarter. State of New Jersey Widespread Pension Fund D now owns 73,516 shares of the know-how firm’s inventory valued at $4,291,000 after buying an extra 2,082 shares in the course of the interval. Lastly, Metropolitan Life Insurance coverage Co NY boosted its stake in shares of Jabil by 124,336.0% within the 2nd quarter. Metropolitan Life Insurance coverage Co NY now owns 31,109 shares of the know-how firm’s inventory valued at $1,808,000 after buying an extra 31,084 shares over the past quarter. Institutional buyers and hedge funds personal 88.17% of the corporate’s inventory.

In different Jabil information, EVP Bruce Allan Johnson offered 11,000 shares of the enterprise’s inventory in a transaction on Tuesday, January 18th. The shares had been offered at a mean value of $69.01, for a complete transaction of $759,110.00. The sale was disclosed in a submitting with the SEC, which will be accessed by way of this hyperlink. Additionally, CEO Steven D. Borges offered 12,487 shares of the enterprise’s inventory in a transaction on Monday, November eighth. The shares had been offered at a mean value of $65.13, for a complete transaction of $813,278.31. The disclosure for this sale will be discovered right here. Insiders have offered 132,894 shares of firm inventory price $9,001,479 during the last three months. Insiders personal 2.59% of the corporate’s inventory.

Quite a few equities analysis analysts have just lately commented on the inventory. Financial institution of America upped their value goal on shares of Jabil from $73.00 to $77.00 and gave the corporate a “purchase” ranking in a analysis word on Friday, December seventeenth. The Goldman Sachs Group raised shares of Jabil from a “impartial” ranking to a “purchase” ranking and raised their value goal for the corporate from $63.00 to $75.00 in a analysis word on Thursday, December ninth. Lastly, Raymond James raised their value goal on shares of Jabil from $70.00 to $80.00 and gave the corporate a “strong-buy” ranking in a analysis word on Friday, December seventeenth. Six analysis analysts have rated the inventory with a purchase ranking and two have issued a powerful purchase ranking to the inventory. In response to information from MarketBeat, Jabil presently has a consensus ranking of “Purchase” and a consensus value goal of $74.38.

JBL inventory opened at $60.62 on Friday. The agency has a 50 day transferring common of $65.33 and a 200-day transferring common of $62.59. The corporate has a present ratio of 0.99, a fast ratio of 0.60 and a debt-to-equity ratio of 1.08. Jabil Inc. has a 12 month low of $41.43 and a 12 month excessive of $72.11. The agency has a market capitalization of $8.70 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 0.90 and a beta of 1.40.

Jabil (NYSE:JBL) final introduced its earnings outcomes on Thursday, December sixteenth. The know-how firm reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.12. Jabil had a internet margin of two.46% and a return on fairness of 34.35%. The enterprise had income of $8.60 billion in the course of the quarter, in comparison with analyst estimates of $8.28 billion. Throughout the identical interval within the earlier 12 months, the enterprise posted $1.31 earnings per share. Jabil’s income for the quarter was up 9.8% on a year-over-year foundation. Promote-side analysts predict that Jabil Inc. will put up 5.7 EPS for the present 12 months.

The agency additionally just lately declared a quarterly dividend, which will probably be paid on Wednesday, March 2nd. Shareholders of report on Tuesday, February fifteenth will probably be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Monday, February 14th. Jabil’s dividend payout ratio (DPR) is presently 6.53%.

Jabil Firm Profile

Jabil, Inc engages within the provision of digital manufacturing providers and options. It provides electronics design, manufacturing, product administration, and restore providers to firms within the automotive and transportation, capital tools, client existence and wearable applied sciences, computing and storage, protection and aerospace, digital house, healthcare, industrial and power, mobility, networking and telecommunications, packaging, level of sale, and printing industries.

Learn Extra

Institutional Ownership by Quarter for Jabil (NYSE:JBL)

Need Extra Nice Investing Concepts?

Previous post How Cellular-Residence Parks Turned Actual Property’s Trendiest Funding
Next post BBB Ideas: Planning house enhancements