Mirabella Financial Services LLP Invests $1.99 Million in Jabil Inc. (NYSE:JBL)

Mirabella Financial Services LLP purchased a new position in Jabil Inc. (NYSE:JBL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,842 shares of the technology company's stock, valued at approximately $1,992,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bleakley Financial Group LLC increased its stake in shares of Jabil by 2.2% in the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock worth $471,000 after purchasing an additional 70 shares in the last quarter. Greenleaf Trust increased its holdings in shares of Jabil by 1.3% in 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 during 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 valued at $365,000 after buying an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. lifted its holdings 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 valued at $1,384,000 after acquiring an additional 95 shares during the last quarter. Finally, Savant Capital LLC grew its position in 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. 93.39% of the stock is owned by institutional investors.

Jabil Trading Up 0.9 %

Shares of Jabil stock traded up $1.28 on Friday, hitting $147.41. 421,550 shares of the company traded hands, compared to its average volume of 1,469,637. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The company has a market cap of $15.82 billion, a PE ratio of 14.14, a PEG ratio of 1.65 and a beta of 1.12. The stock's 50 day moving average price is $140.37 and its 200-day moving average price is $141.83. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. The business 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 business's revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.68 EPS. Equities research analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

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 issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.22%. The ex-dividend date is Thursday, May 15th. Jabil's payout ratio is 7.66%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JBL. UBS Group raised their price target on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. dropped their price target 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. Barclays increased their price objective 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. The Goldman Sachs Group dropped their target price on Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research report 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $158.50.

Insider Buying and Selling

In related news, Director Christopher S. Holland sold 3,400 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now owns 12,900 shares of the company's stock, valued at $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chairman now owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. This represents a 1.14 % 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).