Jabil Inc. (NYSE:JBL) Shares Bought by Access Investment Management LLC

Access Investment Management LLC lifted its stake in Jabil Inc. (NYSE:JBL) by 0.1% in the 4th quarter, Holdings Channel reports. The firm owned 141,555 shares of the technology company’s stock after purchasing an additional 195 shares during the quarter. Jabil accounts for approximately 5.9% of Access Investment Management LLC’s portfolio, making the stock its 3rd biggest position. Access Investment Management LLC’s holdings in Jabil were worth $20,370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JBL. Raymond James & Associates lifted its stake in shares of Jabil by 6.5% in the third quarter. Raymond James & Associates now owns 115,108 shares of the technology company’s stock valued at $13,793,000 after purchasing an additional 7,046 shares during the period. Foundations Investment Advisors LLC purchased a new stake in Jabil during the third quarter worth $241,000. Private Advisor Group LLC grew its holdings in Jabil by 4.9% in the third quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company’s stock valued at $309,000 after purchasing an additional 120 shares during the last quarter. Greenleaf Trust increased its position in shares of Jabil by 10.8% in the third quarter. Greenleaf Trust now owns 5,599 shares of the technology company’s stock valued at $671,000 after buying an additional 546 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Jabil by 11,262.2% during the 3rd quarter. International Assets Investment Management LLC now owns 21,929 shares of the technology company’s stock worth $2,628,000 after buying an additional 21,736 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Transactions at Jabil

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of the company’s stock in a transaction dated 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 directly owns 12,900 shares in the company, valued at $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the transaction, the director now directly owns 5,900 shares in the company, valued at $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock worth $12,804,458 over the last quarter. 1.73% of the stock is currently owned by insiders.

Jabil Stock Performance

Jabil stock opened at $162.54 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The stock has a fifty day moving average of $157.22 and a two-hundred day moving average of $132.95. The company has a market capitalization of $17.75 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.65 and a beta of 1.23. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80.

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

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is 3.07%.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of research reports. Barclays increased their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued 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 raised their price target on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, UBS Group raised their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and an average price target of $153.17.

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).