1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC grew its position in Jabil Inc. ( NYSE:JBL – Free Report ) by 144.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 4,698 shares of the technology company’s stock after purchasing an additional 2,773 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Jabil were worth $676,000 at the end of the most recent reporting period. A number of other large investors have also made changes to their positions in JBL.
Bleakley Financial Group LLC boosted its position in shares of Jabil by 2.2% in the 4th quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock worth $471,000 after purchasing an additional 70 shares in the last quarter.
Greenleaf Trust boosted its holdings in Jabil by 1.3% in the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock worth $816,000 after acquiring an additional 72 shares in the last quarter.
Resonant Capital Advisors LLC grew its stake in shares of Jabil by 3.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock worth $365,000 after acquiring an additional 80 shares during the last quarter.
Lifestyle Asset Management Inc. increased its holdings in shares of Jabil by 1.0% during the fourth quarter.
Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company’s stock valued at $1,384,000 after acquiring an additional 95 shares in the last quarter. Finally, Savant Capital LLC raised its position in shares of Jabil by 1.
9% in the 4th quarter. Savant Capital LLC now owns 5,332 shares of the technology company’s stock valued at $767,000 after purchasing an additional 99 shares during the last quarter. 93.
39% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets Several analysts have 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. JPMorgan Chase & Co. upped their target price on Jabil from $172.
00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. UBS Group raised their target price on Jabil from $152.
00 to $157.00 and gave the stock a “neutral” rating in a research note 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 research note on Monday, February 24th. Finally, Barclays lifted their target price on Jabil from $179.
00 to $184.00 and gave the stock an “overweight” rating in a report 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.
According to data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and an average target price of $167.50. Insider Activity In other news, Director John C.
Plant sold 50,000 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.
00. Following the completion of the sale, the director now owns 5,900 shares of the company’s stock, valued at $1,018,045. The trade was a 89.
45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, Director Christopher S.
Holland sold 3,400 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.
00. Following the completion of the transaction, the director now directly owns 12,900 shares in the company, valued at $2,093,283. This represents a 20.
86 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 73,400 shares of company stock worth $12,205,218 in the last ninety days.
Company insiders own 1.73% of the company’s stock. Jabil Stock Performance Shares of JBL stock opened at $117.
13 on Monday. Jabil Inc. has a 52-week low of $95.
85 and a 52-week high of $174.80. The company has a quick ratio of 0.
72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.
The stock has a market cap of $12.79 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 1.
65 and a beta of 1.12. The business has a 50-day simple moving average of $150.
60 and a 200-day simple moving average of $140.70. Jabil ( NYSE:JBL – Get Free Report ) last posted its earnings results on Thursday, March 20th.
The technology company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.
11. Jabil had a net margin of 4.71% and a return on equity of 41.
87%. The firm had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.
40 billion. During the same period in the previous year, the firm earned $1.68 EPS.
The business’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts expect that Jabil Inc.
will post 8.05 EPS for the current year. Jabil Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th.
Stockholders of record on Tuesday, February 18th were paid a dividend of $0.08 per share. This represents a $0.
32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Tuesday, February 18th.
Jabil’s payout ratio is currently 7.66%. Jabil 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). See Also Want to see what other hedge funds are holding JBL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Jabil Inc. ( NYSE:JBL – Free Report ). Receive News & Ratings for Jabil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jabil and related companies with MarketBeat.
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