Metis Global Partners LLC Grows Stock Position in Jabil Inc. (NYSE:JBL)

Metis Global Partners LLC increased its position in shares of Jabil Inc. (NYSE:JBL) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,781 shares of the technology company’s stock after buying an additional 134 shares during the quarter. Metis Global Partners LLC’s holdings in Jabil were worth $544,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in Jabil in the third quarter valued at approximately $32,000. Brooklyn Investment Group purchased a new stake in Jabil in the third quarter valued at approximately $39,000. First Horizon Advisors Inc. raised its position in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after purchasing an additional 130 shares during the period. GHP Investment Advisors Inc. purchased a new stake in Jabil in the fourth quarter valued at approximately $43,000. Finally, Cromwell Holdings LLC grew its stake in shares of Jabil by 412.7% in the fourth quarter. Cromwell Holdings LLC now owns 364 shares of the technology company’s stock worth $52,000 after acquiring an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In other news, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the sale, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock worth $12,804,458 over the last 90 days. Corporate insiders own 1.73% of the company’s stock.

Jabil Stock Performance

Shares of JBL stock opened at $143.13 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a fifty day moving average price of $158.74 and a 200 day moving average price of $135.67. The company has a market cap of $15.63 billion, a P/E ratio of 13.72, a PEG ratio of 1.65 and a beta of 1.19. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS 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 during the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the previous year, the firm posted $2.60 earnings per share. The company’s revenue was down 16.6% compared to the same quarter last year. Sell-side analysts predict that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.08 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.22%. Jabil’s dividend payout ratio is presently 3.07%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. UBS Group boosted their price target on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Stifel Nicolaus restated a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays boosted their price target on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Finally, StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $158.83.

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).