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

Focus Partners Wealth purchased a new position in shares of Jabil Inc. (NYSE:JBL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,138 shares of the technology company's stock, valued at approximately $595,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Deutsche Bank AG lifted its stake in shares of Jabil by 20.6% in the 4th quarter. Deutsche Bank AG now owns 559,437 shares of the technology company's stock valued at $80,503,000 after acquiring an additional 95,646 shares during the last quarter. Crestline Management LP purchased a new position in shares of Jabil during the 4th quarter worth approximately $1,038,000. Cetera Investment Advisers grew its stake in shares of Jabil by 218.0% in the 4th quarter. Cetera Investment Advisers now owns 36,501 shares of the technology company's stock worth $5,252,000 after buying an additional 25,022 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Jabil by 27.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 10,560 shares of the technology company's stock worth $1,520,000 after buying an additional 2,250 shares during the last quarter. Finally, Bridgefront Capital LLC purchased a new stake in shares of Jabil in the 4th quarter worth approximately $232,000. Institutional investors own 93.39% of the company's stock.

Jabil Trading Up 0.3%

JBL traded up $0.43 on Friday, hitting $165.53. The company had a trading volume of 595,320 shares, compared to its average volume of 1,426,914. The company has a market cap of $17.77 billion, a PE ratio of 15.87, a PEG ratio of 1.65 and a beta of 1.11. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The business's fifty day simple moving average is $144.50 and its 200 day simple moving average is $146.68.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.83 by $0.11. The company had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm's revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $1.68 earnings per share. Equities research analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be paid a $0.08 dividend. 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 currently 7.66%.

Insider Activity

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 shares were 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 owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. The trade was a 1.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Dastoor sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the completion of the transaction, the chief executive officer now directly owns 221,693 shares of the company's stock, valued at $37,665,640.70. This trade represents a 4.32% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.73% of the company's stock.

Analyst Upgrades and Downgrades

JBL has been the topic of several recent analyst reports. Barclays increased their target price on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. The Goldman Sachs Group lowered their price target on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Wall Street Zen raised Jabil from a "hold" rating to a "buy" rating in a report on Monday, May 19th. UBS Group increased their price target on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. cut their price target on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research note 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, the stock has an average rating of "Moderate Buy" and an average price target of $158.50.

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).