Wealth Alliance Invests $201,000 in Jabil Inc. (NYSE:JBL)

Wealth Alliance purchased a new position in shares of Jabil Inc. (NYSE:JBL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,579 shares of the technology company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also made changes to their positions in JBL. Cetera Advisor Networks LLC grew its stake in shares of Jabil by 4.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 3,989 shares of the technology company’s stock worth $246,000 after purchasing an additional 180 shares during the period. Private Advisor Group LLC acquired a new position in shares of Jabil during the 1st quarter worth $399,000. Great West Life Assurance Co. Can grew its stake in shares of Jabil by 10.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company’s stock worth $5,312,000 after purchasing an additional 7,933 shares during the period. Sei Investments Co. grew its stake in Jabil by 58.6% in the 1st quarter. Sei Investments Co. now owns 382,918 shares of the technology company’s stock valued at $23,633,000 after acquiring an additional 141,511 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Jabil by 656.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 21,700 shares of the technology company’s stock valued at $1,340,000 after acquiring an additional 18,832 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. The Goldman Sachs Group increased their price objective on shares of Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Barclays lowered their price objective on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, March 18th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and a consensus price target of $144.50.

Insider Transactions at Jabil

In other news, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the transaction, the chief executive officer now directly owns 339,725 shares in the company, valued at approximately $45,591,095. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the transaction, the chief executive officer now directly owns 339,725 shares in the company, valued at approximately $45,591,095. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Gerald Creadon sold 3,000 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the transaction, the executive vice president now owns 65,434 shares in the company, valued at $8,874,159.08. The disclosure for this sale can be found here. Insiders have sold a total of 107,177 shares of company stock worth $13,678,039 in the last three months. Company insiders own 2.62% of the company’s stock.

Jabil Price Performance

NYSE:JBL opened at $118.75 on Friday. The firm has a market cap of $14.32 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08. The company’s 50-day moving average is $138.03 and its two-hundred day moving average is $131.12. Jabil Inc. has a 12-month low of $75.48 and a 12-month high of $156.94.

Jabil (NYSE:JBL) last released its earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. Research analysts expect that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Jabil’s payout ratio is currently 2.75%.

Jabil Company 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).