Captrust Financial Advisors Grows Stake in Jabil Inc. (NYSE:JBL)

Captrust Financial Advisors increased its stake in Jabil Inc. (NYSE:JBL - Free Report) by 53.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,204 shares of the technology company's stock after acquiring an additional 2,858 shares during the period. Captrust Financial Advisors' holdings in Jabil were worth $1,181,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its position in Jabil by 70,781.4% during the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock valued at $835,876,000 after purchasing an additional 5,800,535 shares during the last quarter. FMR LLC raised its position in Jabil by 8.1% during the 4th quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock valued at $796,220,000 after purchasing an additional 416,841 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Jabil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,810,519 shares of the technology company's stock worth $404,024,000 after acquiring an additional 34,574 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Jabil by 18.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company's stock worth $270,187,000 after acquiring an additional 288,806 shares during the period. Finally, Norges Bank purchased a new position in shares of Jabil during the 4th quarter worth approximately $218,430,000. Institutional investors own 93.39% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on JBL shares. The Goldman Sachs Group reduced their target price on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. reduced their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Barclays upped their target price on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Finally, UBS Group upped their target price on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Jabil presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.50.

Insider Buying and Selling at Jabil

In other Jabil news, 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 in the company, valued at approximately $227,624,059.52. This trade represents a 1.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $1,699,000.00. Following the sale, the chief executive officer now 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 Stock Up 0.8%

Shares of Jabil stock traded up $1.35 during midday trading on Friday, hitting $167.88. The company had a trading volume of 828,016 shares, compared to its average volume of 1,444,195. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The stock has a market capitalization of $18.02 billion, a P/E ratio of 16.10, a P/E/G ratio of 1.65 and a beta of 1.11. The company has a 50 day moving average of $141.38 and a 200 day moving average of $145.32. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80.

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 the consensus estimate 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 return on equity of 41.87% and a net margin of 4.71%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.68 EPS. On average, equities analysts predict that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

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 paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.19%. Jabil's dividend payout ratio is 7.66%.

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).