Stanley Laman Group Ltd. Has $5.02 Million Stock Position in Jabil Inc. (NYSE:JBL)

Stanley Laman Group Ltd. decreased its position in Jabil Inc. (NYSE:JBL) by 22.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,909 shares of the technology company’s stock after selling 9,899 shares during the period. Stanley Laman Group Ltd.’s holdings in Jabil were worth $5,023,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bleakley Financial Group LLC grew its holdings in shares of Jabil by 2.2% in the 4th quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock valued at $471,000 after buying an additional 70 shares during the period. Greenleaf Trust boosted its stake in Jabil by 1.3% in the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock worth $816,000 after purchasing an additional 72 shares during the period. Resonant Capital Advisors LLC boosted its stake in Jabil by 3.3% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock worth $365,000 after purchasing an additional 80 shares during the period. Van ECK Associates Corp boosted its stake in Jabil by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock worth $195,000 after purchasing an additional 90 shares during the period. Finally, Verdence Capital Advisors LLC boosted its stake in Jabil by 2.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock worth $387,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Price Performance

JBL stock opened at $168.88 on Thursday. The company has a 50 day simple moving average of $152.54 and a 200 day simple moving average of $129.90. The stock has a market cap of $18.44 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 1.64 and a beta of 1.23. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

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

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.19%. The ex-dividend date is Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is currently 3.07%.

Insider Buying and Selling at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the transaction, the director now directly owns 119,108 shares of the company’s stock, valued at $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JBL. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. The Goldman Sachs Group upped their target price on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Barclays boosted their price target on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, UBS Group upped their target price on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Jabil has an average 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).