Steward Partners Investment Advisory LLC Acquires 1,022 Shares of Jabil Inc. (NYSE:JBL)

Steward Partners Investment Advisory LLC increased its stake in Jabil Inc. (NYSE:JBL) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,172 shares of the technology company’s stock after purchasing an additional 1,022 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Jabil were worth $6,069,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of JBL. SBI Securities Co. Ltd. purchased a new stake in Jabil in the fourth quarter worth about $27,000. Capital Performance Advisors LLP purchased a new stake in Jabil in the 3rd quarter worth approximately $32,000. First Horizon Advisors Inc. raised its stake in 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 acquiring an additional 130 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Jabil by 113.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock valued at $43,000 after purchasing an additional 158 shares in the last quarter. Finally, GHP Investment Advisors Inc. bought a new position in shares of Jabil in the fourth quarter worth approximately $43,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Jabil

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

Jabil Price Performance

NYSE:JBL opened at $143.13 on Thursday. The business’s 50-day moving average is $158.74 and its 200 day moving average is $135.67. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The company has a market capitalization of $15.63 billion, a P/E ratio of 13.72, a P/E/G ratio of 1.65 and a beta of 1.19. 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 (NYSE:JBL) last issued its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same period in the prior year, the firm earned $2.60 EPS. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. On average, equities research analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 0.22%. Jabil’s payout ratio is currently 3.07%.

Analysts Set New Price Targets

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

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).