Kingswood Wealth Advisors LLC Buys 2,523 Shares of Jabil Inc. (NYSE:JBL)

Kingswood Wealth Advisors LLC increased its stake in shares of Jabil Inc. (NYSE:JBL) by 144.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,267 shares of the technology company’s stock after acquiring an additional 2,523 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Jabil were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Jabil by 87.2% in the 2nd quarter. Bessemer Group Inc. now owns 234 shares of the technology company’s stock worth $26,000 after buying an additional 109 shares during the last quarter. Amundi grew its position in shares of Jabil by 419.8% in the 4th quarter. Amundi now owns 421 shares of the technology company’s stock worth $32,000 after buying an additional 340 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Jabil in the 4th quarter worth approximately $36,000. Zions Bancorporation N.A. bought a new stake in shares of Jabil in the 1st quarter worth approximately $40,000. Finally, ST Germain D J Co. Inc. bought a new stake in shares of Jabil in the 2nd quarter worth approximately $41,000. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Up 1.7 %

Shares of NYSE:JBL opened at $135.91 on Thursday. The stock has a fifty day simple moving average of $135.95 and a two-hundred day simple moving average of $128.48. The stock has a market capitalization of $17.33 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.40 and a beta of 1.41. Jabil Inc. has a 12-month low of $75.48 and a 12-month high of $156.94. The company has a current ratio of 1.12, a quick ratio of 0.73 and a debt-to-equity ratio of 1.13.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Thursday, February 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Wednesday, February 14th. Jabil’s payout ratio is 2.75%.

Insiders Place Their Bets

In other Jabil news, Chairman Mark T. Mondello sold 50,000 shares of Jabil stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total value of $6,304,500.00. Following the completion of the sale, the chairman now owns 1,809,194 shares of the company’s stock, valued at approximately $228,121,271.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director David M. Stout sold 31,300 shares of Jabil stock in a transaction on Monday, January 29th. The stock was sold at an average price of $123.12, for a total value of $3,853,656.00. Following the completion of the sale, the director now owns 67,300 shares of the company’s stock, valued at $8,285,976. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark T. Mondello sold 50,000 shares of Jabil stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total value of $6,304,500.00. Following the completion of the sale, the chairman now directly owns 1,809,194 shares of the company’s stock, valued at approximately $228,121,271.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 105,658 shares of company stock valued at $13,316,271. Corporate insiders own 2.62% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Stifel Nicolaus raised their target price on Jabil from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Argus cut Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. The Goldman Sachs Group raised their target price on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Barclays lowered their target price on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday, March 18th. Finally, StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.50.

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).