AdvisorShares Investments LLC Makes New Investment in Jabil Inc. (NYSE:JBL)

AdvisorShares Investments LLC bought a new position in shares of Jabil Inc. (NYSE:JBL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,840 shares of the technology company's stock, valued at approximately $553,000.

Several other hedge funds and other institutional investors have also modified their holdings of JBL. Barclays PLC boosted its holdings in shares of Jabil by 33.5% during the third quarter. Barclays PLC now owns 327,969 shares of the technology company's stock worth $39,300,000 after acquiring an additional 82,312 shares during the period. Virtu Financial LLC lifted its holdings in Jabil by 157.9% during the 3rd quarter. Virtu Financial LLC now owns 15,091 shares of the technology company's stock worth $1,808,000 after purchasing an additional 9,239 shares during the last quarter. Te Ahumairangi Investment Management Ltd boosted its stake in Jabil by 365.6% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 20,767 shares of the technology company's stock valued at $2,474,000 after purchasing an additional 16,307 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Jabil in the 3rd quarter valued at $347,000. Finally, Synovus Financial Corp increased its position in Jabil by 92.8% during the 3rd quarter. Synovus Financial Corp now owns 18,056 shares of the technology company's stock worth $2,164,000 after buying an additional 8,693 shares during the period. Institutional investors own 93.39% of the company's stock.

Insider Buying and Selling at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. This trade represents a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.73% of the company's stock.

Jabil Price Performance

NYSE:JBL traded up $2.74 during mid-day trading on Friday, reaching $150.32. The stock had a trading volume of 891,110 shares, compared to its average volume of 1,456,790. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The stock has a market capitalization of $16.14 billion, a PE ratio of 14.41, a P/E/G ratio of 1.65 and a beta of 1.12. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The stock has a 50-day simple moving average of $138.38 and a two-hundred day simple moving average of $142.80.

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 (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter last year, the company posted $1.68 EPS. The company's revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil's payout ratio is presently 7.66%.

Analysts Set New Price Targets

Several research firms recently commented on JBL. UBS Group upped their price target on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Barclays increased their target price on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. dropped their price target on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Finally, The Goldman Sachs Group dropped their price objective on Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $158.50.

About Jabil

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).