Landscape Capital Management L.L.C. Has $744,000 Stake in Jabil Inc. (NYSE:JBL)

Landscape Capital Management L.L.C. lowered its stake in shares of Jabil Inc. (NYSE:JBL) by 17.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,206 shares of the technology company’s stock after selling 1,276 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Jabil were worth $744,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in JBL. Point72 Asset Management L.P. acquired a new stake in shares of Jabil during the 2nd quarter worth $78,660,000. AQR Capital Management LLC grew its stake in Jabil by 195.8% during the second quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock worth $115,404,000 after buying an additional 702,199 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Jabil by 29.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock valued at $150,463,000 after buying an additional 310,590 shares during the period. Victory Capital Management Inc. raised its position in shares of Jabil by 72.0% in the 2nd quarter. Victory Capital Management Inc. now owns 490,499 shares of the technology company’s stock valued at $53,361,000 after buying an additional 205,331 shares in the last quarter. Finally, Railway Pension Investments Ltd bought a new stake in shares of Jabil during the 2nd quarter worth approximately $17,200,000. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Up 0.4 %

Shares of NYSE JBL opened at $131.12 on Friday. The company has a 50 day simple moving average of $123.82 and a 200 day simple moving average of $115.82. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $156.94. The firm has a market cap of $14.80 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.24.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter last year, the firm earned $2.34 earnings per share. The company’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, research analysts forecast that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a $0.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil’s dividend payout ratio (DPR) is presently 2.90%.

Insider Activity

In other news, EVP Matthew Crowley sold 1,380 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $125.83, for a total transaction of $173,645.40. Following the completion of the sale, the executive vice president now directly owns 18,568 shares in the company, valued at $2,336,411.44. This represents a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Francis Mckay sold 11,755 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the transaction, the senior vice president now owns 41,507 shares in the company, valued at approximately $5,051,816.97. The trade was a 22.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,689 shares of company stock valued at $5,377,431. Company insiders own 2.62% of the company’s stock.

Wall Street Analysts Forecast Growth

JBL has been the subject of several research analyst reports. Bank of America boosted their price objective on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Barclays boosted their price target on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Stifel Nicolaus raised their price objective on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. lowered their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.

About Jabil

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).