Cetera Investment Advisers Acquires 25,022 Shares of Jabil Inc. (NYSE:JBL)

Cetera Investment Advisers raised its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 218.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,501 shares of the technology company's stock after buying an additional 25,022 shares during the period. Cetera Investment Advisers' holdings in Jabil were worth $5,252,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Bleakley Financial Group LLC raised its holdings in Jabil by 2.2% during the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock valued at $471,000 after buying an additional 70 shares in the last quarter. Greenleaf Trust raised its holdings in Jabil by 1.3% during the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock valued at $816,000 after buying an additional 72 shares in the last quarter. Resonant Capital Advisors LLC raised its holdings in Jabil by 3.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company's stock valued at $365,000 after buying an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. raised its holdings in Jabil by 1.0% during the fourth quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company's stock valued at $1,384,000 after buying an additional 95 shares in the last quarter. Finally, Savant Capital LLC increased its stake in shares of Jabil by 1.9% in the fourth quarter. Savant Capital LLC now owns 5,332 shares of the technology company's stock worth $767,000 after purchasing an additional 99 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JBL. UBS Group lifted their price objective on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. dropped their price objective on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays lifted their price objective on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. The Goldman Sachs Group dropped their price objective on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, StockNews.com lowered Jabil from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $158.50.

Insider Transactions at Jabil

In other news, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the completion of the sale, the chief executive officer now owns 221,693 shares of the company's stock, valued at $37,665,640.70. This represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the sale, the chairman now directly owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. This represents a 1.14% decrease in their position. The disclosure for this sale can be found here. 1.73% of the stock is owned by insiders.

Jabil Price Performance

NYSE:JBL traded up $1.35 during mid-day trading on Friday, reaching $167.88. 828,016 shares of the company were exchanged, compared to its average volume of 1,442,965. 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 stock has a market cap of $18.02 billion, a PE ratio of 16.10, 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 fifty day moving average of $141.38 and a 200 day moving average of $145.18.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) 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 company had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period in the prior year, the business earned $1.68 earnings per share. Jabil's quarterly revenue was down .6% on a year-over-year basis. On average, research analysts anticipate that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

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