Symmetry Partners LLC Invests $214,000 in Jabil Inc. (NYSE:JBL)

Symmetry Partners LLC acquired a new position in Jabil Inc. (NYSE:JBL – Get Rating) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,134 shares of the technology company’s stock, valued at approximately $214,000.

Other institutional investors have also made changes to their positions in the company. Rockland Trust Co. bought a new position in shares of Jabil in the third quarter worth about $232,000. Martingale Asset Management L P increased its stake in Jabil by 1.1% during the second quarter. Martingale Asset Management L P now owns 27,581 shares of the technology company’s stock valued at $1,413,000 after acquiring an additional 307 shares during the period. Great West Life Assurance Co. Can increased its stake in Jabil by 7.8% during the third quarter. Great West Life Assurance Co. Can now owns 99,896 shares of the technology company’s stock valued at $5,762,000 after acquiring an additional 7,211 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Jabil by 82.5% during the second quarter. O Shaughnessy Asset Management LLC now owns 39,224 shares of the technology company’s stock valued at $2,009,000 after acquiring an additional 17,726 shares during the period. Finally, Prelude Capital Management LLC increased its stake in Jabil by 32.5% during the third quarter. Prelude Capital Management LLC now owns 43,792 shares of the technology company’s stock valued at $2,527,000 after acquiring an additional 10,741 shares during the period. 88.45% of the stock is currently owned by institutional investors.

Insider Transactions at Jabil

In other news, EVP Kenneth S. Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $70.00, for a total value of $350,000.00. Following the transaction, the executive vice president now directly owns 337,776 shares of the company’s stock, valued at approximately $23,644,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Gerald Creadon sold 14,297 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $70.75, for a total value of $1,011,512.75. Following the transaction, the executive vice president now directly owns 60,965 shares of the company’s stock, valued at approximately $4,313,273.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kenneth S. Wilson sold 5,000 shares of the company’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $70.00, for a total value of $350,000.00. Following the transaction, the executive vice president now directly owns 337,776 shares in the company, valued at approximately $23,644,320. The disclosure for this sale can be found here. Insiders have sold 197,562 shares of company stock valued at $14,936,641 in the last three months. 2.75% of the stock is owned by corporate insiders.

Jabil Stock Up 0.8 %

NYSE JBL opened at $78.96 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.57 and a debt-to-equity ratio of 1.02. The stock’s 50 day moving average is $81.00 and its two-hundred day moving average is $70.18. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.86 and a beta of 1.43. Jabil Inc. has a 1-year low of $48.80 and a 1-year high of $85.70.

Jabil (NYSE:JBL – Get Rating) last announced its earnings results on Thursday, December 15th. The technology company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.28). The business had revenue of $9.64 billion during the quarter, compared to analyst estimates of $9.28 billion. Jabil had a return on equity of 40.43% and a net margin of 2.83%. Equities analysts forecast that Jabil Inc. will post 7.81 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 2nd. Stockholders of record on Wednesday, February 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Tuesday, February 14th. Jabil’s payout ratio is currently 4.64%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group assumed coverage on Jabil in a research note on Tuesday, December 13th. They set a “neutral” rating and a $76.00 price target on the stock. StockNews.com assumed coverage on Jabil in a research note on Thursday. They set a “buy” rating on the stock. The Goldman Sachs Group boosted their price target on Jabil from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday. Raymond James lifted their price objective on Jabil from $84.00 to $100.00 and gave the company a “strong-buy” rating in a report on Tuesday, March 14th. Finally, Credit Suisse Group lifted their price objective on Jabil from $90.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, February 21st. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $92.20.

About Jabil

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Jabil, Inc engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries.