One Wealth Advisors LLC Purchases Shares of 1,839 Jabil Inc. (NYSE:JBL)

One Wealth Advisors LLC purchased a new stake in shares of Jabil Inc. (NYSE:JBL) in the 4th quarter, HoldingsChannel reports. The fund purchased 1,839 shares of the technology company’s stock, valued at approximately $265,000.

Other hedge funds have also modified their holdings of the company. Meyer Handelman Co. purchased a new stake in shares of Jabil during the fourth quarter valued at about $7,334,000. Davis Investment Partners LLC acquired a new position in shares of Jabil during the fourth quarter valued at about $1,433,000. Nicola Wealth Management LTD. increased its holdings in shares of Jabil by 54.9% during the third quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock valued at $4,733,000 after acquiring an additional 14,000 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of Jabil during the fourth quarter valued at about $235,000. Finally, Foster & Motley Inc. increased its holdings in shares of Jabil by 8.7% during the third quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock valued at $6,252,000 after acquiring an additional 4,181 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Trading Down 1.8 %

Shares of NYSE:JBL opened at $159.43 on Tuesday. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The firm has a market capitalization of $17.41 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 1.61 and a beta of 1.23. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The business’s 50 day moving average price is $148.20 and its 200-day moving average price is $127.35.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same quarter last year, the firm posted $2.60 EPS. The business’s revenue was down 16.6% on a year-over-year basis. On average, equities research analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced 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 is Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.20%. Jabil’s dividend payout ratio (DPR) is 3.07%.

Wall Street Analyst Weigh In

JBL has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Stifel Nicolaus restated a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Barclays increased their price target on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Finally, The Goldman Sachs Group increased their price target on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and a consensus target price of $153.17.

Insider Activity

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the transaction, the director now owns 119,108 shares in the company, valued at $18,021,040.40. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock worth $12,804,458 in the last quarter. Corporate insiders own 1.73% of the company’s stock.

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).