One Wealth Advisors LLC Takes Position in Jabil Inc. (NYSE:JBL)

One Wealth Advisors LLC purchased a new stake in shares of Jabil Inc. (NYSE:JBL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,839 shares of the technology company’s stock, valued at approximately $265,000.

Several other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of Jabil in the 3rd quarter worth about $32,000. Brooklyn Investment Group bought a new stake in shares of Jabil in the third quarter worth approximately $39,000. Matrix Trust Co grew its stake in shares of 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 acquiring an additional 214 shares during the period. Armstrong Advisory Group Inc. grew its stake in shares of 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 during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Jabil by 30.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock worth $67,000 after buying an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Trading Down 1.8 %

Shares of JBL opened at $159.43 on Tuesday. The company’s fifty day moving average is $148.20 and its 200 day moving average is $127.35. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The stock has a market capitalization of $17.41 billion, a PE ratio of 15.29, a P/E/G ratio of 1.61 and a beta of 1.23. 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 (NYSE:JBL) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter in the previous year, the business posted $2.60 earnings per share. Jabil’s quarterly revenue was down 16.6% on a year-over-year basis. Sell-side analysts expect that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders 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 0.20%. The ex-dividend date is Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is 3.07%.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares in the company, valued at $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John C. Plant sold 50,000 shares of the business’s 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 transaction, the director now owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % decrease in their position. 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 quarter. Insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on JBL shares. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Barclays lifted their price target on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group lifted their price objective 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. Finally, UBS Group lifted their price objective on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research 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 data from MarketBeat, the stock 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).