1 week Ago By ABMN Staff
LPL Financial LLC grew its position in Jabil Inc. ( NYSE:JBL – Free Report ) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 40,748 shares of the technology company’s stock after buying an additional 7,747 shares during the quarter. LPL Financial LLC’s holdings in Jabil were worth $5,864,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also made changes to their positions in the company.
SBI Securities Co. Ltd. acquired a new stake in Jabil during the 4th quarter valued at $27,000.
Millstone Evans Group LLC acquired a new stake in shares of Jabil during the fourth quarter valued at $37,000. First Horizon Advisors Inc. increased its position in Jabil by 90.
3% during 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. acquired a new position in Jabil in the 4th quarter valued at about $43,000. Finally, Smartleaf Asset Management LLC raised its stake in Jabil by 113.
7% in the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock valued at $43,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 93.
39% of the company’s stock. Jabil Price Performance Shares of Jabil stock opened at $120.99 on Tuesday.
The stock has a market capitalization of $13.21 billion, a P/E ratio of 11.60, a PEG ratio of 1.
65 and a beta of 1.12. The company has a current ratio of 1.
06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.
The business’s fifty day moving average price is $149.84 and its 200 day moving average price is $140.77.
Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.
80. Jabil Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.
08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.
26%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio is presently 7.
66%. Analyst Ratings Changes A number of equities analysts have recently weighed in on JBL shares. StockNews.
com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Friday, March 21st. The Goldman Sachs Group boosted their price target on Jabil from $160.00 to $179.
00 and gave the company a “buy” rating in a report on Monday, February 24th. Barclays raised their price objective on Jabil from $179.00 to $184.
00 and gave the stock an “overweight” rating in a report on Friday, March 21st. UBS Group upped their target price on Jabil from $152.00 to $157.
00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. raised their price target on Jabil from $172.
00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company.
Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.50.
Get Our Latest Research Report on Jabil Insider Activity at Jabil In related news, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $172.
55, for a total transaction of $8,627,500.00. Following the sale, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045.
This trade represents a 89.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link .
Also, Director Christopher S. Holland sold 3,400 shares of the company’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 value of $551,718.00. Following the completion of the transaction, the director now owns 12,900 shares of the company’s stock, valued at approximately $2,093,283.
This represents a 20.86 % decrease in their position. The disclosure for this sale can be found here .
In the last 90 days, insiders have sold 73,400 shares of company stock worth $12,205,218. 1.73% of the stock is currently owned by corporate insiders.
Jabil Company Profile ( Free Report ) 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).
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