Sanctuary Advisors LLC Boosts Position in Jabil Inc. (NYSE:JBL)

Sanctuary Advisors LLC lifted its holdings in shares of Jabil Inc. (NYSE:JBL) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,922 shares of the technology company’s stock after acquiring an additional 1,821 shares during the quarter. Sanctuary Advisors LLC’s holdings in Jabil were worth $6,896,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meyer Handelman Co. purchased a new stake in shares of Jabil in the 4th quarter worth about $7,334,000. Davis Investment Partners LLC bought a new position in Jabil in the fourth quarter worth about $1,433,000. Nicola Wealth Management LTD. lifted its holdings in Jabil by 54.9% in the third quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock worth $4,733,000 after buying an additional 14,000 shares during the period. Merit Financial Group LLC bought a new stake in Jabil during the 4th quarter valued at approximately $235,000. Finally, Foster & Motley Inc. grew its holdings in shares of Jabil by 8.7% during the 3rd quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock worth $6,252,000 after acquiring an additional 4,181 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insiders Place Their Bets

In other news, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the transaction, the director now owns 12,900 shares of the company’s stock, valued at $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the business’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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,400 shares of company stock worth $12,804,458. Company insiders own 1.73% of the company’s stock.

Jabil Stock Performance

Shares of Jabil stock opened at $169.03 on Thursday. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The firm’s 50-day moving average is $156.02 and its 200 day moving average is $132.03. The stock has a market cap of $18.45 billion, a price-to-earnings ratio of 16.21, a PEG 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 released its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same period last year, the company earned $2.60 EPS. Jabil’s revenue for the quarter was down 16.6% on a year-over-year basis. Sell-side analysts anticipate that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on JBL shares. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. UBS Group raised their price objective on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research report 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 report on Wednesday, December 18th. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, Barclays boosted their price objective on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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).