Lecap Asset Management Ltd. Makes New $1.15 Million Investment in Jabil Inc. (NYSE:JBL)

Lecap Asset Management Ltd. acquired a new position in shares of Jabil Inc. (NYSE:JBL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,995 shares of the technology company's stock, valued at approximately $1,146,000.

Other large investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in Jabil during the fourth quarter worth $36,000. Valley National Advisers Inc. bought a new stake in Jabil in the fourth quarter valued at $36,000. ST Germain D J Co. Inc. bought a new stake in Jabil in the second quarter valued at $41,000. Hanseatic Management Services Inc. bought a new stake in Jabil in the third quarter valued at $48,000. Finally, Ceredex Value Advisors LLC bought a new stake in Jabil in the third quarter valued at $51,000. 93.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JBL has been the topic of a number of recent research reports. Barclays cut their target price on Jabil from $151.00 to $149.00 and set an "overweight" rating on the stock in a research note on Monday, March 18th. StockNews.com lowered Jabil from a "buy" rating to a "hold" rating in a report on Tuesday, March 26th. Argus lowered Jabil from a "buy" rating to a "hold" rating in a report on Tuesday, March 19th. Finally, The Goldman Sachs Group raised their price target on Jabil from $141.00 to $161.00 and gave the company a "buy" rating in a report on Monday, March 4th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $144.50.

Jabil Price Performance

NYSE:JBL traded down $3.95 during mid-day trading on Friday, reaching $134.07. 1,011,449 shares of the stock were exchanged, compared to its average volume of 1,558,891. The business has a fifty day moving average price of $138.51 and a 200 day moving average price of $131.13. The firm has a market capitalization of $16.17 billion, a PE ratio of 11.51, a PEG ratio of 1.43 and a beta of 1.40. Jabil Inc. has a 1-year low of $75.48 and a 1-year high of $156.94. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 1.08.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.55 by ($0.01). The company had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. Research analysts expect that Jabil Inc. will post 7.83 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Thursday, February 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. Jabil's dividend payout ratio is currently 2.75%.

Insider Buying and Selling

In other Jabil news, Director David M. Stout sold 31,300 shares of the firm's stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the completion of the sale, the director now directly owns 67,300 shares in the company, valued at approximately $8,285,976. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Jabil news, Director David M. Stout sold 31,300 shares of the firm's stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the completion of the sale, the director now directly owns 67,300 shares in the company, valued at approximately $8,285,976. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP May Yee Yap sold 7,877 shares of the firm's stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the sale, the senior vice president now owns 29,006 shares of the company's stock, valued at $4,050,687.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,177 shares of company stock valued at $11,665,039. 2.62% of the stock is owned by corporate insiders.

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).