Advisory Services Network LLC Boosts Holdings in Jabil Inc. (NYSE:JBL)

Advisory Services Network LLC increased its holdings in shares of Jabil Inc. (NYSE:JBL) by 41.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,742 shares of the technology company’s stock after buying an additional 3,449 shares during the period. Advisory Services Network LLC’s holdings in Jabil were worth $1,690,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Jabil during the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Jabil during the 4th quarter worth $29,000. Millstone Evans Group LLC purchased a new stake in Jabil during the 4th quarter worth about $37,000. First Horizon Advisors Inc. raised its position in Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after purchasing an additional 130 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Jabil in the 4th quarter valued at about $43,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JBL has been the topic of a number of recent research reports. Barclays upped their target price on shares of Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Stifel Nicolaus restated a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. JPMorgan Chase & Co. boosted their target price on shares of Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. UBS Group lifted their price target on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, The Goldman Sachs Group dropped their price objective on Jabil from $175.00 to $146.00 and set a “buy” rating on the stock in a report on Thursday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Jabil currently has an average rating of “Moderate Buy” and an average target price of $162.00.

Jabil Stock Performance

NYSE JBL opened at $131.85 on Friday. The company has a fifty day moving average of $146.05 and a two-hundred day moving average of $141.08. 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 Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The company has a market capitalization of $14.40 billion, a PE ratio of 12.64, a P/E/G ratio of 1.65 and a beta of 1.12.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.40 billion. During the same period in the prior year, the firm earned $1.68 EPS. The business’s revenue was down .6% on a year-over-year basis. As a group, analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil’s dividend payout ratio is currently 7.66%.

Insiders Place Their Bets

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of the 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 completion of the sale, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Plant sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the transaction, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their position. The disclosure for this sale can be found here. 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).