Crestline Management LP purchased a new stake in shares of Jabil Inc. (NYSE:JBL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,212 shares of the technology company's stock, valued at approximately $1,038,000.
Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of Jabil in the fourth quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Jabil during the fourth quarter valued at $29,000. Millstone Evans Group LLC bought a new stake in Jabil in the 4th quarter worth about $37,000. First Horizon Advisors Inc. increased its holdings 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 buying an additional 130 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in Jabil in the 4th quarter worth about $43,000. Institutional investors own 93.39% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. JPMorgan Chase & Co. lowered their price target on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. StockNews.com lowered Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. UBS Group increased their target price on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, The Goldman Sachs Group dropped their target price on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.50.
Get Our Latest Stock Report on JBL
Jabil Stock Performance
Shares of NYSE JBL traded down $0.43 during trading on Friday, hitting $153.97. The company had a trading volume of 498,638 shares, compared to its average volume of 1,455,847. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. 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 firm has a market capitalization of $16.53 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. The stock has a 50 day simple moving average of $138.51 and a 200 day simple moving average of $144.02.
Jabil (NYSE:JBL - Get Free Report) last issued its quarterly 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. The business had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 earnings per share. As a group, analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current year.
Jabil Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be given a $0.08 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. Jabil's payout ratio is 7.66%.
Insider Transactions at Jabil
In related news, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the transaction, the chairman now directly owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. The trade was a 1.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.73% of the company's stock.
Jabil Profile
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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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