Ritholtz Wealth Management Increases Holdings in Jabil Inc. (NYSE:JBL)

Ritholtz Wealth Management boosted its stake in Jabil Inc. (NYSE:JBL) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,105 shares of the technology company’s stock after purchasing an additional 309 shares during the quarter. Ritholtz Wealth Management’s holdings in Jabil were worth $2,174,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP purchased a new position in Jabil during the third quarter valued at approximately $32,000. Brooklyn Investment Group bought a new stake in Jabil during the third quarter valued at $39,000. Matrix Trust Co grew its position in Jabil by 135.4% during the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after buying an additional 214 shares in the last quarter. Armstrong Advisory Group Inc. increased its stake in Jabil by 114.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after acquiring an additional 228 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of Jabil by 945.7% during the third quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock worth $58,000 after purchasing an additional 435 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Stock Up 0.7 %

Shares of NYSE JBL opened at $162.94 on Friday. The firm’s fifty day moving average is $140.74 and its 200 day moving average is $123.16. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $164.25. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a market cap of $17.79 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 1.61 and a beta of 1.23.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. Jabil’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.60 earnings per share. On average, equities research analysts expect that Jabil Inc. will post 8.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Bank of America upped their price objective on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays boosted their target price on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group lifted their price target 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $153.17.

Insider Buying and Selling

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the company’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 transaction, the director now owns 119,108 shares in the company, valued at approximately $18,021,040.40. This represents a 14.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the transaction, the senior vice president now owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. The trade was a 22.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 62,309 shares of company stock valued at $8,354,226 over the last quarter. 1.73% of the stock is owned by company insiders.

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).