Twelve Points Wealth Management LLC Grows Stock Holdings in Jabil Inc. (NYSE:JBL)

Twelve Points Wealth Management LLC lifted its position in Jabil Inc. (NYSE:JBL) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,471 shares of the technology company’s stock after purchasing an additional 489 shares during the quarter. Jabil accounts for about 0.8% of Twelve Points Wealth Management LLC’s holdings, making the stock its 28th largest holding. Twelve Points Wealth Management LLC’s holdings in Jabil were worth $2,658,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. lifted its stake in shares of Jabil by 12,251.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock valued at $264,391,000 after acquiring an additional 2,188,521 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Jabil by 406.5% in the third quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock worth $86,613,000 after purchasing an additional 580,100 shares during the last quarter. FMR LLC increased its stake in shares of Jabil by 11.3% in the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after buying an additional 520,672 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in Jabil by 595.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company’s stock valued at $41,118,000 after buying an additional 293,801 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its position in Jabil by 29.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 574,938 shares of the technology company’s stock valued at $68,895,000 after buying an additional 129,400 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Jabil Price Performance

JBL opened at $161.32 on Wednesday. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The stock has a 50-day moving average price of $145.77 and a 200-day moving average price of $126.05. The firm has a market cap of $17.61 billion, a PE ratio of 15.47, a P/E/G ratio of 1.68 and a beta of 1.23. 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 issued its 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 firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the prior year, the firm posted $2.60 earnings per share. The business’s revenue was down 16.6% on a year-over-year basis. Sell-side analysts predict that Jabil Inc. will post 8.03 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently announced 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. This represents a $0.32 annualized dividend and a yield of 0.20%. The ex-dividend date is Tuesday, February 18th. Jabil’s dividend payout ratio is currently 3.07%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JBL. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Barclays increased 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. UBS Group upped their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. The Goldman Sachs Group raised their price objective on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $153.17.

Insider Activity

In related news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the transaction, the director now owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Francis Mckay sold 11,755 shares of the company’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 transaction of $1,430,701.05. Following the sale, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. This represents a 22.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 90,038 shares of company stock valued at $14,207,166 in the last 90 days. 1.73% of the stock is currently owned by 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).