Navellier & Associates Inc. Makes New Investment in Jabil Inc. (NYSE:JBL)

Navellier & Associates Inc. acquired a new position in shares of Jabil Inc. (NYSE:JBL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,719 shares of the technology company’s stock, valued at approximately $247,000.

A number of other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of Jabil in the 3rd quarter valued at about $32,000. Brooklyn Investment Group purchased a new position in shares of Jabil in the 3rd quarter valued at about $39,000. GHP Investment Advisors Inc. purchased a new position in shares of Jabil in the 4th quarter valued at about $43,000. Cromwell Holdings LLC increased its holdings in shares of Jabil by 412.7% in the 4th quarter. Cromwell Holdings LLC now owns 364 shares of the technology company’s stock valued at $52,000 after purchasing an additional 293 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Jabil by 38.9% in the 4th quarter. Allworth Financial LP now owns 432 shares of the technology company’s stock valued at $62,000 after purchasing an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Price Performance

Jabil stock opened at $162.54 on Monday. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The stock has a market capitalization of $17.75 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.65 and a beta of 1.23. The firm’s 50-day moving average is $157.22 and its two-hundred day moving average is $133.19. 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 released its quarterly earnings results 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 net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same period last year, the company earned $2.60 EPS. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. Equities analysts predict that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.20%. Jabil’s dividend payout ratio is currently 3.07%.

Insiders Place Their Bets

In related news, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the sale, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the firm’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 completion of the sale, the director now directly owns 119,108 shares in the company, valued at $18,021,040.40. This represents a 14.38 % 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 valued at $12,804,458 in the last ninety days. Insiders own 1.73% of the company’s stock.

Analyst Ratings Changes

JBL has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. UBS Group increased their price objective on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. 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. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group increased their price objective on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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).