NewEdge Advisors LLC Purchases 8,585 Shares of Jabil Inc. (NYSE:JBL)

NewEdge Advisors LLC lifted its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 234.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,254 shares of the technology company's stock after purchasing an additional 8,585 shares during the period. NewEdge Advisors LLC's holdings in Jabil were worth $1,763,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Bleakley Financial Group LLC increased its stake in Jabil by 2.2% during the fourth 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 during the last quarter. Greenleaf Trust boosted its holdings in Jabil by 1.3% in the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock valued at $816,000 after purchasing an additional 72 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in Jabil by 3.3% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company's stock valued at $365,000 after purchasing an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. boosted its holdings in Jabil by 1.0% in the fourth quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company's stock valued at $1,384,000 after purchasing an additional 95 shares in the last quarter. Finally, Savant Capital LLC boosted its holdings 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 valued at $767,000 after acquiring an additional 99 shares during the period. Hedge funds and other institutional investors own 93.39% of the company's stock.

Insider Activity at Jabil

In other news, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $2,631,200.00. Following the completion of the transaction, the chairman now directly owns 1,730,192 shares in the company, valued at $227,624,059.52. The trade was 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 owned by insiders.

Jabil Stock Down 0.3 %

Shares of NYSE:JBL traded down $0.46 during midday trading on Monday, hitting $146.46. 838,855 shares of the stock were exchanged, compared to its average volume of 1,464,891. 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 company has a market capitalization of $15.72 billion, a PE ratio of 14.04, a P/E/G ratio of 1.65 and a beta of 1.12. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The business's fifty day simple moving average is $139.46 and its two-hundred day simple moving average is $142.41.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.11. The business had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil's revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 earnings per share. As a group, research analysts predict that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. StockNews.com cut Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Barclays raised their target price on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. The Goldman Sachs Group cut their target price on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, UBS Group raised their price target on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Two 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 company presently has an average rating of "Moderate Buy" and a consensus target price 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).