Signature Estate & Investment Advisors LLC Increases Stock Holdings in Jabil Inc. (NYSE:JBL)

Signature Estate & Investment Advisors LLC boosted its position in shares of Jabil Inc. (NYSE:JBL) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,501 shares of the technology company’s stock after purchasing an additional 587 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Jabil were worth $2,518,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of JBL. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Jabil during the 3rd quarter valued at approximately $365,000. PNC Financial Services Group Inc. raised its position in Jabil by 2.9% in the third quarter. PNC Financial Services Group Inc. now owns 35,734 shares of the technology company’s stock valued at $4,282,000 after purchasing an additional 1,013 shares during the period. Eagle Asset Management Inc. acquired a new position in shares of Jabil in the 3rd quarter valued at $5,434,000. Larson Financial Group LLC grew its holdings in shares of Jabil by 45.0% during the 3rd quarter. Larson Financial Group LLC now owns 2,444 shares of the technology company’s stock worth $293,000 after purchasing an additional 758 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in shares of Jabil by 2.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 13,833 shares of the technology company’s stock worth $1,658,000 after purchasing an additional 384 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the business’s 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 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock worth $12,804,458 over the last ninety days. Corporate insiders own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on JBL. 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 report on Thursday, December 19th. Barclays increased their price objective on shares of Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday. The Goldman Sachs Group boosted their target price on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research report on Monday, February 24th. UBS Group raised their price target on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.50.

Jabil Stock Up 3.2 %

Jabil stock opened at $149.89 on Tuesday. 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 $16.36 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.65 and a beta of 1.19. The stock’s fifty day simple moving average is $155.89 and its 200-day simple moving average is $138.73. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80.

Jabil (NYSE:JBL) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period in the prior year, the firm earned $1.68 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities analysts expect that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.21%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) 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).