2,470 Shares in Jabil Inc. (NYSE:JBL) Bought by Horizon Advisory Services Inc.

Horizon Advisory Services Inc. acquired 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. The institutional investor acquired 2,470 shares of the technology company’s stock, valued at approximately $355,000. Jabil comprises approximately 0.2% of Horizon Advisory Services Inc.’s holdings, making the stock its 16th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Jabil during the 3rd quarter worth $32,000. Brooklyn Investment Group bought a new stake in shares of Jabil during the 3rd quarter worth $39,000. First Horizon Advisors Inc. lifted its position in shares of Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after buying an additional 130 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Jabil during the 4th quarter worth $43,000. Finally, Cromwell Holdings LLC lifted its position in shares of Jabil by 412.7% during the 4th quarter. Cromwell Holdings LLC now owns 364 shares of the technology company’s stock worth $52,000 after buying an additional 293 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on JBL shares. The Goldman Sachs Group lifted their price target on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday. UBS Group lifted their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Barclays upped their price target on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Stifel Nicolaus restated a “buy” rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.83.

Insider Transactions at Jabil

In other news, Director John C. Plant sold 50,000 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the sale, the director now directly owns 5,900 shares in the company, valued at $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 over the last three months. 1.73% of the stock is owned by company insiders.

Jabil Trading Down 2.0 %

Shares of NYSE JBL opened at $159.28 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The firm has a 50 day moving average price of $157.71 and a two-hundred day moving average price of $133.59. The stock has a market cap of $17.39 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23.

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

Jabil Dividend Announcement

The company also recently disclosed 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. This represents a $0.32 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Jabil Company 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).