Tower Research Capital LLC TRC Increases Stock Position in Jabil Inc. (NYSE:JBL)

Tower Research Capital LLC TRC boosted its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 94.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,239 shares of the technology company's stock after buying an additional 3,994 shares during the quarter. Tower Research Capital LLC TRC's holdings in Jabil were worth $1,186,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of Jabil in the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Jabil during the fourth quarter valued at approximately $29,000. Millstone Evans Group LLC bought a new stake in Jabil during the 4th quarter valued at about $37,000. First Horizon Advisors Inc. increased its position in shares of Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock worth $39,000 after acquiring an additional 130 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Jabil by 113.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock worth $43,000 after buying an additional 158 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Jabil Price Performance

NYSE JBL traded down $1.87 during trading hours on Wednesday, reaching $144.70. The company's stock had a trading volume of 139,947 shares, compared to its average volume of 1,455,766. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The company's 50-day moving average is $139.07 and its two-hundred day moving average is $142.44. The firm has a market capitalization of $15.53 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 1.65 and a beta of 1.12.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion during 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 company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 EPS. On average, equities analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.22%. Jabil's payout ratio is 7.66%.

Insiders Place Their Bets

In related news, Director Christopher S. Holland sold 3,400 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 12,900 shares of the company's stock, valued at $2,093,283. This represents a 20.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the firm'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 transaction of $2,631,200.00. Following the completion of the transaction, 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.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Barclays increased their target price on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. JPMorgan Chase & Co. reduced their price objective on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. UBS Group raised their target price on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Finally, The Goldman Sachs Group dropped their target price on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $158.50.

Jabil 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).