Advisor OS LLC Trims Stock Position in Jabil Inc. (NYSE:JBL)

Advisor OS LLC reduced its stake in shares of Jabil Inc. (NYSE:JBL) by 90.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,598 shares of the technology company’s stock after selling 14,929 shares during the quarter. Advisor OS LLC’s holdings in Jabil were worth $230,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JBL. Private Advisor Group LLC increased its position in Jabil by 4.9% during the 3rd quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company’s stock valued at $309,000 after purchasing an additional 120 shares during the period. International Assets Investment Management LLC increased its position in Jabil by 11,262.2% during the 3rd quarter. International Assets Investment Management LLC now owns 21,929 shares of the technology company’s stock valued at $2,628,000 after purchasing an additional 21,736 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Jabil by 45.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,692 shares of the technology company’s stock valued at $941,000 after buying an additional 2,401 shares in the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of Jabil during the 3rd quarter valued at $211,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Jabil by 1.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 31,798 shares of the technology company’s stock valued at $3,810,000 after buying an additional 419 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jabil

In other news, 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 owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This represents a 2.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 5,900 shares of the company’s stock, valued at $1,018,045. The trade was a 89.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,400 shares of company stock worth $12,804,458. Company insiders own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a report on Monday, February 24th. UBS Group boosted their target price on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays boosted their target price on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Finally, Stifel Nicolaus restated a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and a consensus price target of $158.83.

Jabil Stock Performance

Shares of Jabil stock opened at $154.96 on Friday. The stock has a market cap of $16.92 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.65 and a beta of 1.23. The firm’s 50-day moving average is $158.95 and its 200 day moving average is $134.66. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last announced its quarterly 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 company had revenue of $6.99 billion for the quarter, compared to analysts’ expectations 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 business posted $2.60 EPS. Sell-side analysts anticipate that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s dividend payout ratio is currently 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).