Guggenheim Capital LLC Has $2.98 Million Holdings in Jabil Inc. (NYSE:JBL)

Guggenheim Capital LLC boosted its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 45.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,716 shares of the technology company's stock after acquiring an additional 6,432 shares during the period. Guggenheim Capital LLC's holdings in Jabil were worth $2,981,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Jabil by 33.5% in the third quarter. Barclays PLC now owns 327,969 shares of the technology company's stock valued at $39,300,000 after purchasing an additional 82,312 shares in the last quarter. Virtu Financial LLC lifted its holdings in shares of 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 acquiring an additional 9,239 shares during the period. Te Ahumairangi Investment Management Ltd boosted its position in shares of Jabil by 365.6% during 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 acquiring an additional 16,307 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Jabil in the third quarter valued at about $347,000. Finally, Synovus Financial Corp raised its position in Jabil by 92.8% in the third quarter. Synovus Financial Corp now owns 18,056 shares of the technology company's stock worth $2,164,000 after purchasing an additional 8,693 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Activity at Jabil

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction on Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the transaction, the director now directly owns 12,900 shares of the company's stock, valued at $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the transaction, the chairman now directly owns 1,730,192 shares in the company, valued at $227,624,059.52. The trade was a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by company insiders.

Jabil Stock Up 0.5 %

Jabil stock traded up $0.76 during midday trading on Friday, reaching $146.89. The stock had a trading volume of 275,510 shares, compared to its average volume of 1,469,043. The stock has a market capitalization of $15.77 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The firm's fifty day simple moving average is $140.37 and its 200-day simple moving average is $141.83. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80.

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

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be issued a $0.08 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. Jabil's payout ratio is 7.66%.

Analyst Ratings Changes

A number of brokerages have weighed in on JBL. UBS Group upped their price target on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. StockNews.com lowered Jabil from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. JPMorgan Chase & Co. decreased their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group reduced their price target on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Barclays increased their target price on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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).