AE Wealth Management LLC Has $222,000 Stake in Jabil, Inc. (NYSE:JBL)

Key Points

• AE Wealth Management LLC significantly reduced its stake in Jabil, Inc. by 78.8% in the 1st quarter, resulting in ownership of 1,633 shares valued at $222,000.
• Jabil's earnings report showed $2.55 earnings per share for the quarter, exceeding analysts' expectations of $2.28, with revenues hitting $7.83 billion.
• Institutional investors own approximately 93.39% of Jabil's stock, indicating a strong interest from large investment firms in the company.

AE Wealth Management LLC decreased its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 78.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,633 shares of the technology company's stock after selling 6,052 shares during the quarter. AE Wealth Management LLC's holdings in Jabil were worth $222,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of JBL. LPL Financial LLC grew its position in shares of Jabil by 23.5% during the 4th quarter. LPL Financial LLC now owns 40,748 shares of the technology company's stock worth $5,864,000 after buying an additional 7,747 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of Jabil by 144.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 4,698 shares of the technology company's stock worth $676,000 after buying an additional 2,773 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Jabil during the 4th quarter worth approximately $2,074,000. Schroder Investment Management Group grew its holdings in Jabil by 32.4% during the fourth quarter. Schroder Investment Management Group now owns 2,780 shares of the technology company's stock valued at $400,000 after purchasing an additional 681 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in Jabil by 12.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,169 shares of the technology company's stock valued at $334,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 93.39% of the company's stock.

Jabil Price Performance

Shares of NYSE JBL opened at $222.86 on Friday. The firm has a market cap of $23.92 billion, a PE ratio of 43.27, a PEG ratio of 1.58 and a beta of 1.20. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. Jabil, Inc. has a 1-year low of $95.85 and a 1-year high of $232.84. The company has a fifty day moving average price of $203.08 and a 200 day moving average price of $168.48.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, topping analysts' consensus estimates of $2.28 by $0.27. The firm had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.03 billion. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.89 EPS. Research analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JBL. Stifel Nicolaus began coverage on shares of Jabil in a report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price objective for the company. Bank of America boosted their price objective on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, June 20th. Wall Street Zen cut shares of Jabil from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. UBS Group boosted their price objective on shares of Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. Finally, Barclays boosted their price objective on shares of Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $231.71.

Insiders Place Their Bets

In other news, EVP Andrew Priestley sold 3,702 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $225.00, for a total value of $832,950.00. Following the sale, the executive vice president owned 44,833 shares of the company's stock, valued at $10,087,425. The trade was a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Raymund sold 13,432 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $223.11, for a total transaction of $2,996,813.52. Following the completion of the sale, the director directly owned 86,396 shares in the company, valued at approximately $19,275,811.56. This represents a 13.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 322,847 shares of company stock valued at $63,849,847 over the last 90 days. 1.73% of the stock is currently owned by company insiders.

Jabil Company 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).

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