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

Captrust Financial Advisors boosted its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 53.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,204 shares of the technology company's stock after purchasing an additional 2,858 shares during the period. Captrust Financial Advisors' holdings in Jabil were worth $1,181,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in JBL. Bleakley Financial Group LLC grew its holdings in Jabil by 2.2% during the 4th quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock worth $471,000 after acquiring an additional 70 shares in the last quarter. Greenleaf Trust raised its position in shares of Jabil by 1.3% during the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock worth $816,000 after buying an additional 72 shares in the last quarter. Resonant Capital Advisors LLC raised its position in shares of Jabil by 3.3% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company's stock worth $365,000 after buying an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. grew its stake in shares of Jabil by 1.0% in the 4th quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company's stock worth $1,384,000 after purchasing an additional 95 shares during the last quarter. Finally, Savant Capital LLC increased its position 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 acquiring an additional 99 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Buying and Selling

In other news, 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 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 approximately $227,624,059.52. This represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Dastoor sold 10,000 shares of the firm'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 sale, the chief executive officer now directly owns 221,693 shares of the company's stock, valued at approximately $37,665,640.70. This trade represents a 4.32% decrease in their position. The disclosure for this sale can be found here. 1.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a report on Monday. UBS Group increased their price objective 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. Barclays increased their target price on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. dropped their target price on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group dropped their target price on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Jabil has a consensus rating of "Moderate Buy" and a consensus target price of $158.50.

Jabil Trading Up 1.6%

Shares of NYSE JBL traded up $2.65 during mid-day trading on Tuesday, hitting $170.09. The company's stock had a trading volume of 178,218 shares, compared to its average volume of 1,436,994. The stock has a market cap of $18.26 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. 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 one year low of $95.85 and a one year high of $174.80. The company's fifty day simple moving average is $142.05 and its 200-day simple moving average is $145.76.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data 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 business had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. Jabil's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.68 EPS. On average, sell-side analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently disclosed 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 of this dividend is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. Jabil's dividend payout ratio (DPR) is presently 7.66%.

About Jabil

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).