GHP Investment Advisors Inc. Makes New $43,000 Investment in Jabil Inc. (NYSE:JBL)

GHP Investment Advisors Inc. purchased a new stake in Jabil Inc. (NYSE:JBL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 300 shares of the technology company’s stock, valued at approximately $43,000.

A number of other institutional investors also recently modified their holdings of the business. Park Avenue Securities LLC raised its holdings in Jabil by 8.3% during the 3rd quarter. Park Avenue Securities LLC now owns 2,459 shares of the technology company’s stock valued at $295,000 after acquiring an additional 188 shares during the period. Czech National Bank grew its position in shares of Jabil by 0.6% in the third quarter. Czech National Bank now owns 23,109 shares of the technology company’s stock valued at $2,769,000 after purchasing an additional 128 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Jabil by 105.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,634 shares of the technology company’s stock valued at $196,000 after purchasing an additional 837 shares during the period. CCM Investment Advisers LLC lifted its holdings in Jabil by 9.6% during the 3rd quarter. CCM Investment Advisers LLC now owns 163,464 shares of the technology company’s stock worth $19,588,000 after purchasing an additional 14,256 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Jabil by 27.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 56,548 shares of the technology company’s stock worth $6,776,000 after purchasing an additional 12,100 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Jabil Trading Down 0.2 %

NYSE JBL opened at $165.36 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock’s 50-day simple moving average is $150.63 and its two-hundred day simple moving average is $128.58. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The company has a market capitalization of $18.05 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 1.61 and a beta of 1.23.

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

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s dividend payout ratio is currently 3.07%.

Insider Buying and Selling

In related news, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the transaction, the director now directly owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the sale, the executive vice president now owns 138,472 shares of the company’s stock, valued at $20,744,490.32. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock worth $12,804,458 in the last 90 days. 1.73% of the stock is owned by company insiders.

Jabil 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).