Sequoia Financial Advisors LLC Grows Stake in Jabil Inc. (NYSE:JBL)

Sequoia Financial Advisors LLC grew its holdings in shares of Jabil Inc. (NYSE:JBL) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,939 shares of the technology company’s stock after buying an additional 306 shares during the period. Sequoia Financial Advisors LLC’s holdings in Jabil were worth $567,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Jabil during the 4th quarter valued at $27,000. Brooklyn Investment Group purchased a new position in shares of Jabil during the third quarter valued at about $39,000. First Horizon Advisors Inc. raised its stake in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after buying an additional 130 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in Jabil in the fourth quarter worth about $43,000. Finally, Smartleaf Asset Management LLC boosted its position in Jabil by 113.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock valued at $43,000 after acquiring an additional 158 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Jabil Stock Performance

Shares of JBL stock opened at $138.29 on Tuesday. The company has a market capitalization of $15.10 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. 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 Inc. has a one year low of $95.85 and a one year high of $174.80. The company’s 50-day moving average is $156.99 and its 200 day moving average is $137.42.

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

Jabil Announces Dividend

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

Insider Activity

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction dated 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 approximately $20,744,490.32. This represents a 2.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares of the company’s stock, valued at $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. 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 ninety days. 1.73% of the stock is currently owned by corporate insiders.

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).