Jabil Inc. (NYSE:JBL) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of Jabil Inc. (NYSE:JBL) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,407 shares of the technology company’s stock after acquiring an additional 4,168 shares during the period. Cerity Partners LLC’s holdings in Jabil were worth $10,706,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Jabil in the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Jabil in the fourth quarter worth approximately $29,000. Millstone Evans Group LLC bought a new position in shares of Jabil in the fourth quarter valued at $37,000. First Horizon Advisors Inc. lifted its position in shares of Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Jabil during the 4th quarter valued at $43,000. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Performance

JBL stock opened at $131.94 on Friday. The firm has a 50 day simple moving average of $146.65 and a 200 day simple moving average of $140.95. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The stock has a market cap of $14.41 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.65 and a beta of 1.12. 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 posted its quarterly 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 net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same period in the previous year, the company posted $1.68 EPS. Jabil’s revenue was down .6% on a year-over-year basis. Research analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date was Tuesday, February 18th. Jabil’s payout ratio is currently 7.66%.

Insider Transactions at Jabil

In other news, Director John C. Plant sold 50,000 shares of the 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 represents a 89.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the sale, the director now owns 12,900 shares of the company’s stock, valued at $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. JPMorgan Chase & Co. upped their price objective on shares of Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Friday, March 21st. Barclays upped their price target on shares of Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. Finally, UBS Group lifted their price objective on shares of Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.00.

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).