Hunter Associates Investment Management LLC Purchases 1,164 Shares of Jabil Inc. (NYSE:JBL)

Hunter Associates Investment Management LLC boosted its position in shares of Jabil Inc. (NYSE:JBL) by 7.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,745 shares of the technology company’s stock after acquiring an additional 1,164 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Jabil were worth $2,410,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of Jabil during the third quarter valued at approximately $32,000. Brooklyn Investment Group bought a new position in Jabil in the 3rd quarter valued at $39,000. Matrix Trust Co increased its stake in Jabil by 135.4% in the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after purchasing an additional 214 shares during the period. Armstrong Advisory Group Inc. lifted its position in shares of Jabil by 114.0% during the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after purchasing an additional 228 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of Jabil by 945.7% during the third 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 during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Trading Up 1.0 %

JBL opened at $162.54 on Friday. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The stock has a fifty day moving average price of $147.07 and a 200-day moving average price of $126.54. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.60 and a beta of 1.23. 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 released its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating 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 business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. The company’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.60 earnings per share. As a group, equities research analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s payout ratio is presently 3.07%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JBL. Barclays lifted their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. The Goldman Sachs Group boosted their price target on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. Finally, UBS Group lifted 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $153.17.

Insider Activity

In related news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil 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 in the company, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 119,108 shares in the company, valued at $18,021,040.40. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,000 shares of company stock worth $12,252,740. Insiders own 1.73% of the company’s stock.

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).