Jabil Inc. (NYSE:JBL) Stock Position Lifted by Edmp Inc.

Edmp Inc. boosted its position in Jabil Inc. (NYSE:JBL) by 9.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,959 shares of the technology company’s stock after purchasing an additional 347 shares during the period. Edmp Inc.’s holdings in Jabil were worth $570,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. UNICOM Systems Inc. purchased a new stake in Jabil during the fourth quarter valued at about $2,216,000. Lightrock Netherlands B.V. acquired a new position in Jabil in the 4th quarter worth approximately $13,521,000. Savant Capital LLC grew its position in Jabil by 1.9% during the 4th quarter. Savant Capital LLC now owns 5,332 shares of the technology company’s stock worth $767,000 after purchasing an additional 99 shares in the last quarter. Empirical Finance LLC lifted its holdings in shares of Jabil by 80.8% in the fourth quarter. Empirical Finance LLC now owns 10,198 shares of the technology company’s stock valued at $1,467,000 after purchasing an additional 4,557 shares in the last quarter. Finally, Apollon Wealth Management LLC purchased a new stake in Jabil in the 4th quarter worth about $272,000. Institutional investors own 93.39% of the company’s stock.

Jabil Trading Up 0.7 %

NYSE:JBL opened at $166.58 on Tuesday. The firm has a market capitalization of $18.19 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 1.64 and a beta of 1.23. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The business’s 50-day moving average price is $151.25 and its two-hundred day moving average price is $129.22. 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, beating analysts’ consensus estimates of $1.88 by $0.12. The firm had revenue of $6.99 billion during 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%. The business’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.60 earnings per share. On average, equities analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.19%. Jabil’s dividend payout ratio (DPR) is currently 3.07%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Stifel Nicolaus restated a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. The Goldman Sachs Group lifted their price objective on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. UBS Group raised their price target on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Barclays upped their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $153.17.

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 shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the sale, the director now directly owns 12,900 shares in the company, valued at $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This trade represents a 14.38 % 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 valued at $12,804,458 over the last 90 days. 1.73% of the stock is owned by company insiders.

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).