Leigh Baldwin & CO. LLC Buys New Holdings in Jabil Inc. (NYSE:JBL)

Leigh Baldwin & CO. LLC acquired a new stake in Jabil Inc. (NYSE:JBL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 220,887 shares of the technology company's stock, valued at approximately $3,179,000. Leigh Baldwin & CO. LLC owned about 0.20% of Jabil as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JBL. Bleakley Financial Group LLC raised its holdings in shares of 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 acquiring an additional 70 shares in the last quarter. Greenleaf Trust raised its holdings in shares of 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 acquiring an additional 72 shares in the last quarter. Resonant Capital Advisors LLC raised its holdings in shares of 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 acquiring an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. raised its holdings in shares of 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 acquiring an additional 95 shares in the last quarter. Finally, Savant Capital LLC raised its holdings in shares of Jabil by 1.9% during the fourth quarter. Savant Capital LLC now owns 5,332 shares of the technology company's stock valued at $767,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

Wall Street Analysts Forecast Growth

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

Jabil Stock Up 0.8%

Shares of NYSE JBL traded up $1.35 during trading on Friday, reaching $167.88. The company had a trading volume of 828,016 shares, compared to its average volume of 1,442,965. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The stock has a market cap of $18.02 billion, a PE ratio of 16.10, a P/E/G ratio of 1.65 and a beta of 1.11. The business's 50-day moving average is $141.38 and its 200 day moving average is $145.18. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion for the quarter, compared to analysts' expectations of $6.40 billion. During the same period in the prior year, the firm posted $1.68 earnings per share. The company's quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current fiscal 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 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 dividend yield of 0.19%. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Insider Activity at Jabil

In related 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 of the company's stock, valued at $227,624,059.52. This trade represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Dastoor sold 10,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total value of $1,699,000.00. Following the completion of the transaction, the chief executive officer now directly owns 221,693 shares in the company, valued at $37,665,640.70. The trade was a 4.32% 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 insiders.

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).