Lightrock Netherlands B.V. Invests $13.52 Million in Jabil Inc. (NYSE:JBL)

Lightrock Netherlands B.V. purchased a new position in shares of Jabil Inc. (NYSE:JBL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 93,499 shares of the technology company’s stock, valued at approximately $13,521,000. Jabil accounts for approximately 4.7% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 3rd biggest holding. Lightrock Netherlands B.V. owned approximately 0.09% of Jabil as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBL. Capital Performance Advisors LLP purchased a new stake in shares of Jabil during the 3rd quarter worth about $32,000. Brooklyn Investment Group bought a new position in Jabil during the third quarter valued at approximately $39,000. GHP Investment Advisors Inc. acquired a new stake in Jabil in the fourth quarter valued at approximately $43,000. Armstrong Advisory Group Inc. grew its position in Jabil by 114.0% in the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after acquiring an additional 228 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in shares of Jabil by 945.7% during the 3rd quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock valued at $58,000 after purchasing an additional 435 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jabil

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

Jabil Stock Performance

Shares of NYSE JBL opened at $166.58 on Tuesday. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. 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 company has a market cap of $18.19 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.64 and a beta of 1.23. The business’s 50 day moving average is $151.25 and its two-hundred day moving average is $129.22.

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, topping analysts’ consensus estimates of $1.88 by $0.12. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. Jabil’s revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.60 earnings per share. On average, equities analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Analysts Set New Price Targets

JBL has been the subject of a number of recent research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. UBS Group increased their price objective on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Barclays upped 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. Finally, The Goldman Sachs Group lifted their price target on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Jabil currently has a consensus rating of “Moderate Buy” and an average target price of $153.17.

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).