Frank Rimerman Advisors LLC Takes Position in Jabil Inc. (NYSE:JBL)

Frank Rimerman Advisors LLC bought a new position in shares of Jabil Inc. (NYSE:JBL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,535 shares of the technology company’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Achmea Investment Management B.V. boosted its holdings in shares of Jabil by 1.7% during the fourth quarter. Achmea Investment Management B.V. now owns 40,208 shares of the technology company’s stock worth $5,786,000 after acquiring an additional 691 shares during the period. Avantax Advisory Services Inc. boosted its stake in Jabil by 58.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,201 shares of the technology company’s stock valued at $461,000 after purchasing an additional 1,181 shares during the period. Farther Finance Advisors LLC grew its holdings in Jabil by 82.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,969 shares of the technology company’s stock valued at $283,000 after buying an additional 888 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Jabil by 1.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,618 shares of the technology company’s stock worth $1,096,000 after buying an additional 138 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Jabil by 8.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,939 shares of the technology company’s stock worth $567,000 after buying an additional 306 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Activity at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the sale, the director now owns 119,108 shares in the company, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock valued at $12,804,458 in the last quarter. Insiders own 1.73% of the company’s stock.

Jabil Stock Up 1.7 %

NYSE JBL opened at $138.29 on Tuesday. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The business has a fifty day moving average price of $156.99 and a two-hundred day moving average price of $137.42. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The stock has a market capitalization of $15.10 billion, a PE ratio of 13.26, a PEG ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.12. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil’s revenue was down 16.6% compared to the same quarter last year. During the same period last year, the firm posted $2.60 earnings per share. Equities analysts expect that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil’s payout ratio is 3.07%.

Analyst Ratings Changes

JBL has been the topic of a number of recent research reports. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Barclays lifted their price target on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. The Goldman Sachs Group boosted their price target on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. Finally, UBS Group increased their target price on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and a consensus price target of $158.83.

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).