Duncan Williams Asset Management LLC Buys 177 Shares of Jabil Inc. (NYSE:JBL)

Duncan Williams Asset Management LLC grew its stake in shares of Jabil Inc. (NYSE:JBL) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,138 shares of the technology company’s stock after purchasing an additional 177 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in Jabil were worth $739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp increased its holdings in Jabil by 6.0% during the third quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock worth $195,000 after buying an additional 90 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Jabil by 2.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock worth $387,000 after purchasing an additional 91 shares during the last quarter. Lifestyle Asset Management Inc. lifted its stake in Jabil by 1.0% in the 4th quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company’s stock valued at $1,384,000 after purchasing an additional 95 shares during the last quarter. Gateway Investment Advisers LLC grew its holdings in Jabil by 3.5% during the third quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company’s stock worth $376,000 after purchasing an additional 105 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in Jabil by 30.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock worth $67,000 after buying an additional 109 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the transaction, the director now directly owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the sale, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. This trade represents a 22.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,038 shares of company stock valued at $5,579,666 over the last ninety days. 1.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. UBS Group lifted their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Barclays increased their price target on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $153.17.

Jabil Stock Up 1.2 %

Shares of NYSE:JBL opened at $173.26 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The company has a market capitalization of $18.92 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.68 and a beta of 1.23. The company has a fifty day moving average of $144.48 and a 200-day moving average of $125.32.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same period in the previous year, the firm posted $2.60 EPS. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. On average, equities analysts predict that Jabil Inc. will post 8.03 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.18%. Jabil’s dividend payout ratio (DPR) is 3.07%.

Jabil Company Profile

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).