AdvisorShares Investments LLC Takes $553,000 Position in Jabil Inc. (NYSE:JBL)

AdvisorShares Investments LLC bought a new position in Jabil Inc. (NYSE:JBL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,840 shares of the technology company’s stock, valued at approximately $553,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JBL. Wellington Management Group LLP grew its stake in shares of Jabil by 70,781.4% during the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock valued at $835,876,000 after purchasing an additional 5,800,535 shares during the period. FMR LLC lifted its position in shares of Jabil by 8.1% in the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company’s stock worth $796,220,000 after buying an additional 416,841 shares in the last quarter. Geode Capital Management LLC lifted its position in Jabil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,810,519 shares of the technology company’s stock valued at $404,024,000 after purchasing an additional 34,574 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Jabil by 18.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company’s stock worth $270,187,000 after acquiring an additional 288,806 shares during the last quarter. Finally, Norges Bank purchased a new position in Jabil during the fourth quarter worth $218,430,000. 93.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. cut their price objective on Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Barclays increased their price target on Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a report on Friday, April 18th. Finally, The Goldman Sachs Group decreased their price objective on shares of Jabil from $175.00 to $146.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $158.50.

Insider Activity

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the business’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the sale, the chairman now directly owns 1,730,192 shares of the company’s stock, valued at $227,624,059.52. The trade was a 1.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the transaction, the director now directly owns 12,900 shares in the company, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. 1.73% of the stock is owned by company insiders.

Jabil Stock Down 0.3 %

NYSE:JBL opened at $146.46 on Tuesday. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $15.72 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The stock has a 50 day moving average of $139.46 and a 200-day moving average of $142.41.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the prior year, the business posted $1.68 earnings per share. Jabil’s revenue was down .6% compared to the same quarter last year. Analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th 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 0.22%. The ex-dividend date is Thursday, May 15th. Jabil’s dividend payout ratio is presently 7.66%.

Jabil 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).