J. W. Coons Advisors LLC Invests $230,000 in Jabil Inc. (NYSE:JBL)

J. W. Coons Advisors LLC purchased a new stake in shares of Jabil Inc. (NYSE:JBL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,600 shares of the technology company’s stock, valued at approximately $230,000.

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in Jabil in the third quarter worth $32,000. First Horizon Advisors Inc. boosted its stake in Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after purchasing an additional 130 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in Jabil during the 4th quarter valued at about $43,000. Brooklyn Investment Group purchased a new stake in Jabil during the 3rd quarter valued at about $39,000. Finally, Cromwell Holdings LLC increased its stake in Jabil by 412.7% during 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. 93.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now directly owns 12,900 shares in the company, valued at approximately $2,093,283. This represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 over the last 90 days. Company insiders own 1.73% of the company’s stock.

Jabil Trading Down 2.0 %

JBL opened at $159.28 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The stock’s 50 day moving average price is $157.71 and its 200-day moving average price is $133.59. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.65 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 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. The company had revenue of $6.99 billion for 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 firm’s revenue was down 16.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.60 EPS. On average, equities analysts forecast that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is 3.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group increased their price target on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Barclays increased their target price on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. Finally, The Goldman Sachs Group lifted their price objective on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a report on Monday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $158.83.

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).