Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $4.62 Million Stake in Jabil Inc. (NYSE:JBL)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Jabil Inc. (NYSE:JBL) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,104 shares of the technology company’s stock after purchasing an additional 1,995 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Jabil were worth $4,620,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of JBL. Public Sector Pension Investment Board increased its stake in shares of Jabil by 58.4% in the second quarter. Public Sector Pension Investment Board now owns 4,626 shares of the technology company’s stock valued at $503,000 after buying an additional 1,706 shares during the period. Marshall Wace LLP grew its holdings in Jabil by 70.0% during the 2nd quarter. Marshall Wace LLP now owns 114,161 shares of the technology company’s stock worth $12,420,000 after acquiring an additional 47,009 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Jabil by 51.7% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,107 shares of the technology company’s stock valued at $2,514,000 after acquiring an additional 7,878 shares during the last quarter. APG Asset Management N.V. lifted its holdings in shares of Jabil by 23.1% during the second quarter. APG Asset Management N.V. now owns 81,215 shares of the technology company’s stock worth $8,244,000 after purchasing an additional 15,262 shares during the period. Finally, MBB Public Markets I LLC bought a new stake in shares of Jabil in the second quarter worth $1,001,000. 93.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JBL has been the topic of several recent research reports. UBS Group lifted their target price on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Barclays upped their target price on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Stifel Nicolaus restated a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group lifted 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Jabil currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.17.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 119,108 shares in the company, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,038 shares of company stock valued at $5,579,666. Company insiders own 1.73% of the company’s stock.

Jabil Stock Performance

NYSE:JBL opened at $173.26 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The company has a fifty day moving average of $144.48 and a 200-day moving average of $125.41. The firm has a market capitalization of $18.92 billion, a P/E ratio of 16.61, a P/E/G ratio of 1.68 and a beta of 1.23.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.12. The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business’s revenue was down 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.60 earnings per share. As a group, sell-side analysts anticipate that Jabil Inc. will post 8.03 EPS 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 issued a $0.08 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.18%. Jabil’s payout ratio is currently 3.07%.

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).