Sciencast Management LP Has $2.88 Million Stake in Jabil Inc. (NYSE:JBL)

Sciencast Management LP boosted its position in shares of Jabil Inc. (NYSE:JBL) by 32.4% in the fourth quarter, Holdings Channel reports. The firm owned 19,982 shares of the technology company’s stock after purchasing an additional 4,893 shares during the period. Sciencast Management LP’s holdings in Jabil were worth $2,875,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Jabil in the 4th quarter valued at $27,000. Millstone Evans Group LLC acquired a new position in Jabil in the fourth quarter valued at about $37,000. Brooklyn Investment Group acquired a new position in Jabil in the third quarter valued at about $39,000. First Horizon Advisors Inc. raised its position in shares of Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after purchasing an additional 130 shares during the period. Finally, GHP Investment Advisors Inc. bought a new position in shares of Jabil during the 4th quarter valued at about $43,000. Institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling

In related news, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction dated 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 completion of the transaction, the director now owns 5,900 shares in the company, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’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 directly owns 138,472 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders have sold 77,400 shares of company stock worth $12,804,458. Insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a report on Monday, February 24th. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. upped their target price on shares of Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays lifted their price target on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.50.

Jabil Stock Up 0.8 %

Shares of JBL stock opened at $145.02 on Friday. The firm’s fifty day moving average price is $155.96 and its two-hundred day moving average price is $137.91. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. 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 $15.83 billion, a P/E ratio of 13.90, a PEG ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The business had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.68 earnings per share. On average, equities analysts predict that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors 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 dividend yield of 0.22%. Jabil’s dividend payout ratio is presently 3.07%.

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).