Leigh Baldwin & CO. LLC Buys New Shares in Jabil Inc. (NYSE:JBL)

Leigh Baldwin & CO. LLC acquired a new position in Jabil Inc. (NYSE:JBL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,535 shares of the technology company's stock, valued at approximately $221,000.

A number of other large investors have also modified their holdings of JBL. B. Riley Wealth Advisors Inc. raised its stake in Jabil by 4.0% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 11,136 shares of the technology company's stock valued at $1,602,000 after acquiring an additional 433 shares in the last quarter. Peak Retirement Planning Inc. acquired a new position in shares of Jabil during the fourth quarter valued at $979,000. Western Wealth Management LLC raised its stake in shares of Jabil by 155.0% during the fourth quarter. Western Wealth Management LLC now owns 7,724 shares of the technology company's stock valued at $1,112,000 after purchasing an additional 4,695 shares in the last quarter. GTS Securities LLC raised its stake in shares of Jabil by 111.8% during the fourth quarter. GTS Securities LLC now owns 2,134 shares of the technology company's stock valued at $307,000 after purchasing an additional 20,282 shares in the last quarter. Finally, Breed s Hill Capital LLC acquired a new stake in Jabil in the fourth quarter worth about $201,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Jabil Trading Down 0.3%

Shares of JBL traded down $0.58 during midday trading on Friday, hitting $167.97. The stock had a trading volume of 1,843,471 shares, compared to its average volume of 1,425,608. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The business has a 50-day simple moving average of $146.36 and a two-hundred day simple moving average of $147.41. The firm has a market cap of $18.03 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS 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 business had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The firm's quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts forecast that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders 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 dividend yield of 0.19%. The ex-dividend date is Thursday, May 15th. Jabil's dividend payout ratio is currently 7.66%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded Jabil from a "hold" rating to a "buy" rating in a research report on Monday, May 19th. UBS Group lifted their target price on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Barclays boosted their price target 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. The Goldman Sachs Group reduced their price objective on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $158.50.

Insider Buying and Selling

In related news, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the sale, the chairman now directly owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Dastoor sold 10,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total value of $1,699,000.00. Following the transaction, the chief executive officer now owns 221,693 shares in the company, valued at approximately $37,665,640.70. This trade represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is owned by corporate 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).