Access Investment Management LLC Acquires New Shares in Jabil Inc. (NYSE:JBL)

Access Investment Management LLC bought a new stake in shares of Jabil Inc. (NYSE:JBL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 141,055 shares of the technology company's stock, valued at approximately $17,970,000. Jabil comprises approximately 6.7% of Access Investment Management LLC's investment portfolio, making the stock its 2nd biggest holding. Access Investment Management LLC owned approximately 0.11% of Jabil as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alaska Permanent Fund Corp acquired a new position in Jabil during the 4th quarter valued at about $29,000. Pacific Capital Wealth Advisors Inc. bought a new position in Jabil in the 4th quarter worth approximately $32,000. CVA Family Office LLC acquired a new stake in Jabil in the 4th quarter valued at approximately $36,000. Valley National Advisers Inc. acquired a new stake in Jabil in the 4th quarter valued at approximately $36,000. Finally, Hanseatic Management Services Inc. bought a new stake in Jabil during the 3rd quarter valued at $48,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Jabil

In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of the firm's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the sale, the chief executive officer now directly owns 339,725 shares in the company, valued at approximately $45,591,095. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the sale, the chief executive officer now directly owns 339,725 shares of the company's stock, valued at $45,591,095. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark T. Mondello sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the sale, the chairman now owns 1,809,194 shares of the company's stock, valued at $228,121,271.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,877 shares of company stock valued at $9,824,383. Company insiders own 2.62% of the company's stock.

Jabil Trading Up 0.0 %

JBL traded up $0.02 during trading on Friday, reaching $117.95. The company had a trading volume of 720,194 shares, compared to its average volume of 1,411,731. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. Jabil Inc. has a 12-month low of $77.74 and a 12-month high of $156.94. The company has a market cap of $14.22 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 1.25 and a beta of 1.42. The firm's 50-day simple moving average is $131.27 and its 200 day simple moving average is $129.65.

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

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date is Tuesday, May 14th. Jabil's payout ratio is 2.75%.

Analysts Set New Price Targets

JBL has been the topic of a number of research analyst reports. Barclays lowered their price target on Jabil from $151.00 to $149.00 and set an "overweight" rating on the stock in a report on Monday, March 18th. Argus lowered shares of Jabil from a "buy" rating to a "hold" rating in a research note on Tuesday, March 19th. StockNews.com upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research note on Tuesday, April 23rd. Finally, The Goldman Sachs Group upped their target price on Jabil from $141.00 to $161.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Jabil presently has an average rating of "Buy" and an average price target of $144.50.

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).