According to the most recent 13F filing that Royce & Associates LP has made with the Securities and Exchange Commission, the company’s holdings in Jabil Inc. (NYSE: JBL) were reduced by 14.6% during the third quarter. The disclosure concerns the company’s operations during the third quarter (SEC). Following the sale of 22,700 shares of the technology company’s stock during the quarter, the fund held a total of 132,834 shares of the company’s stock as a shareholder. At the end of the most recent financial quarter, Royce & Associates LP held approximately 0.10% of Jabil, which had a valuation of $7,666,000.
Hedge funds and other institutional investors have been active in the JBL stock market in recent months, buying and selling shares on multiple occasions. During the third quarter, Empirical Financial Services LLC, which does business under the name Empirical Wealth Management, increased the number of Jabil shares it owned by 31.1%, bringing the total number of Jabil shares it owned to a total of 1.1 million. Empirical Financial Services, d.b.a. There are currently 11,355 shares of the technology company’s stock owned by Empirical Wealth Management. These shares have a value of $655,000. This is a direct result of the most recent quarter’s activity, during which the company purchased 2,696 additional shares. As of the end of the third quarter, Ellevest Inc. had a 94.3-fold increase in the size of its holdings in Jabil. Ellevest Inc. increased its holdings in the stock of the technology firm during the most recent quarter by purchasing an additional 2,385 shares. This brought the total number of shares acquired to 4,913, with a value of $284,000.00. In the third quarter, Hunter Associates Investment Management LLC made a 4.7% purchase of additional Jabil stock, bringing the total amount of the company’s ownership to 100%. Following the most recent acquisition of 253 additional shares during the most recent fiscal quarter, the value of the stock of the technology company held by Hunter Associates Investment Management LLC has increased to $319,000, bringing the total amount of the firm’s stock holdings in the company to a total of $319,000 (as of last reporting). During the third quarter of 2018, Aptus Capital Advisors LLC made a new investment of $817,000. This investment was made in Jabil. And finally, but certainly not least, during the third quarter, Victory Capital Management Inc. increased the amount of Jabil stock that it held by 1.1%, bringing the total percentage of Jabil stock that it held to a total of 1.9%. The technology company’s stock was increased by a total of 553,967 shares by Victory Capital Management Inc. during the most recent quarter as a result of the company’s purchase of an additional 6,007 shares during that period. The stock currently has a value of $31,970,000. Institutional investors and hedge funds hold 88.45% of the total number of shares in the company, making up the majority of the shareholders.
JBL stock was first offered for trading on the NYSE on Friday for $79.42 per share. The company has a price-to-earnings ratio of 11.53, a price-to-growth ratio of 0.85, and a beta value for the stock is 1.37. The stock is currently valued at $10.58 billion on the market. The average price of Jabil Inc. over the past 52 weeks has been $79.67, which is the same as the company’s high and low points. The share price has reached $70.81 on its moving average for the past 50 days, while the price has reached $63.51 on its moving average for the past 200 days. One represents the debt-to-equity ratio, the current ratio, and the quick ratio when it is equal to zero. One represents the quick ratio when it is equal to one.
On Tuesday, September 27, Jabil announced that its Board of Directors had begun a program to buy back some of the company’s shares of stock. On Tuesday, September 27, the company will be able to buy back shares with a value of one billion dollars thanks to a buyback program. Because of this program, the corporation can repurchase shares with a value of one billion dollars. The technology company has the ability, thanks to the repurchase authorization, to repurchase up to 12.7% of its shares on the open market. Share repurchase plans are frequently an indication that management believes the company’s stock price is trading at a lower price than the stock’s true value.
In addition, it is important to note that on January 17, Steven D. Borges, the company’s Chief Executive Officer, sold 18,525 shares of the company’s stock. This event is noteworthy for several reasons. A total of $1,454,583.00 was received for the sale of the shares, which works out to a price of $78.52 per share on average. After the completion of the transaction, the CEO now directly owns 175,645 shares of the company. Based on the current stock price, these shares are estimated to be worth approximately $13,791,645.40. You will be taken to a legal file submitted to the SEC if you click on the link we have provided, where you will find additional information regarding the sale. According to the news that was linked to in the previous sentence, on Tuesday, January 17, the director Thomas A. Sansone sold 10,000 shares of the company’s stock. The total amount received for the sale of the shares was $782,500.00, which corresponds to a price of $78.25 per share on an average basis. As a result of the successful completion of the deal, the director now owns 168,788 shares in the company, which have a value of $13,207,661. The United States Securities and Exchange Commission was given legal documents about the transaction, which can be viewed at this location. In addition, Chief Executive Officer Steven D. Borges sold 18,525 shares of the company’s stock on January 17. A total of $1,454,583.00 was received for the sale of the shares, which works out to a price of $78.52 per share on average. After the deal’s completion, the CEO is now the owner of 175,645 company shares, which have a combined value of approximately $13,791,645.40. Disclosures that are related to the sale might be found in this section of the website. Over the past three months, company insiders have offloaded 230,422 company stock shares, bringing in total revenue of $16,581,575. 2.75 company insiders own a percent of the total shares currently outstanding.
The stock of JBL was evaluated by several different stock market analysts, each presenting their unique perspective. In a research note published on Wednesday, Credit Suisse Group moved their price objective on Jabil shares from $81.00 to $90.00 and raised their “outperform” rating on the company’s stock to $81. Jabil stock was first mentioned in a research note that StockNews.com released on October 12. Since then, the website has been providing coverage of the stock. They encouraged potential investors to make a “strong-buy” of the stock. In a research note published on September 28, Raymond James announced that the price target they had established for Jabil stock had been reduced from $80.00 to $72.00. The previous price target had been set at $80.00. In a research note issued on December 13, UBS Group announced its intention to cover Jabil’s shares.
Additionally, they raised their “outperform” rating and their price objective on Jabil shares from $81.00 to $90.00. This information was included in a research note that was issued on Wednesday. Jabil stock was first mentioned in a research note that StockNews.com released on October 12. Since then, the website has been providing coverage of the stock. They encouraged potential investors to make a “strong-buy” of the stock. In a research note published on September 28, Raymond James announced that the price target they had established for Jabil stock had been reduced from $80.00 to $72.00. The previous price target had been set at $80.00. In a research note distributed on December 13, the UBS Group disclosed their plan to initiate coverage of Jabil’s shares. They decided to maintain a “neutral” rating and set a price objective of $70.00 for the company’s shares. Citigroup increased its price objective on Jabil stock from $80.00 to $85.00 in a research report published on Friday, December 16. The agenda was complete, and this was the final and most important item. There is one equity research analyst who has rated the stock as a “hold,” two analysts who have rated it as a “buy,” and two analysts who have rated it as a “strong buy.” According to the statistics that Bloomberg provided, the stock has an overall recommendation of “buy,” and the average price goal that analysts have set for the stock is $78.50.
Jabil, Inc. is a company that serves the electronic manufacturing industry by providing both services and products for that industry. It offers its services to companies that operate in the following industries: electronic design and manufacturing, product management, consumer lifestyles and wearable technology, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale printing, and printing.