Jabil Inc. (NYSE:JBL) Stock Holdings Reduced by SG Americas Securities LLC

Posted by Defense World Staff on Sep 25th, 2023

SG Americas Securities LLC lowered its position in Jabil Inc. (NYSE:JBL – Free Report) by 52.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,464 shares of the technology company’s stock after selling 10,322 shares during the quarter. SG Americas Securities LLC’s holdings in Jabil were worth $1,021,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JBL. Cetera Advisor Networks LLC grew its stake in Jabil by 4.7% in the first quarter. Cetera Advisor Networks LLC now owns 3,989 shares of the technology company’s stock valued at $246,000 after purchasing an additional 180 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Jabil in the first quarter worth about $399,000. Great West Life Assurance Co. Can lifted its position in shares of Jabil by 10.5% in the first quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company’s stock worth $5,312,000 after buying an additional 7,933 shares during the last quarter. Sei Investments Co. lifted its position in shares of Jabil by 58.6% in the first quarter. Sei Investments Co. now owns 382,918 shares of the technology company’s stock worth $23,633,000 after buying an additional 141,511 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Jabil by 656.6% in the first quarter. Canada Pension Plan Investment Board now owns 21,700 shares of the technology company’s stock worth $1,340,000 after buying an additional 18,832 shares during the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Jabil Price Performance

NYSE JBL opened at $107.60 on Monday. The stock has a 50-day simple moving average of $108.84 and a 200 day simple moving average of $96.39. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a market capitalization of $14.08 billion, a PE ratio of 15.15, a P/E/G ratio of 1.04 and a beta of 1.46. Jabil Inc. has a twelve month low of $55.26 and a twelve month high of $117.29.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.32 annualized dividend and a yield of 0.30%. Jabil’s dividend payout ratio (DPR) is 4.51%.

Analysts Set New Price Targets

JBL has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on Jabil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. initiated coverage on Jabil in a research report on Wednesday, July 5th. They issued an “overweight” rating and a $110.00 price target for the company. Credit Suisse Group boosted their price target on Jabil from $110.00 to $125.00 in a research report on Friday, June 16th. Barclays assumed coverage on Jabil in a research report on Thursday, September 7th. They issued an “overweight” rating and a $134.00 price target for the company. Finally, StockNews.com assumed coverage on Jabil in a research report on Friday, August 18th. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $105.33.

Check Out Our Latest Analysis on JBL

Insider Buying and Selling at Jabil

In other Jabil news, Director Anousheh Ansari sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $108.61, for a total value of $325,830.00. Following the completion of the transaction, the director now owns 38,000 shares of the company’s stock, valued at approximately $4,127,180. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.75% of the company’s stock.

About Jabil

(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).