Focus Partners Wealth Takes $595,000 Position in Jabil Inc. (NYSE:JBL)

Focus Partners Wealth acquired a new stake in shares of Jabil Inc. (NYSE:JBL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,138 shares of the technology company's stock, valued at approximately $595,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Jabil during the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Jabil during the 4th quarter valued at $29,000. Millstone Evans Group LLC acquired a new stake in shares of Jabil during the 4th quarter valued at $37,000. First Horizon Advisors Inc. raised its stake in Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after purchasing an additional 130 shares during the period. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of Jabil in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Analyst Upgrades and Downgrades

JBL has been the subject of a number of research analyst reports. StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a report on Monday. JPMorgan Chase & Co. reduced their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Barclays increased their target price on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. 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 reduced their target price on Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a report on Thursday, April 10th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $158.50.

Insiders Place Their Bets

In other news, Chairman Mark T. Mondello sold 20,000 shares of the firm's 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 completion of the sale, the chief executive officer now directly owns 221,693 shares in the company, valued at approximately $37,665,640.70. This represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.73% of the company's stock.

Jabil Trading Down 0.3%

NYSE JBL opened at $167.21 on Tuesday. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $17.95 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. The firm's fifty day simple moving average is $142.05 and its 200-day simple moving average is $145.76.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the prior year, the business posted $1.68 earnings per share. Jabil's revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.19%. The ex-dividend date is Thursday, May 15th. Jabil's payout ratio is 7.66%.

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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