HB Wealth Management LLC Raises Holdings in Jabil Inc. (NYSE:JBL)

HB Wealth Management LLC grew its position in shares of Jabil Inc. (NYSE:JBL) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,183 shares of the technology company’s stock after purchasing an additional 82 shares during the period. HB Wealth Management LLC’s holdings in Jabil were worth $278,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new position in shares of Jabil during the third quarter valued at about $63,000. D.A. Davidson & CO. grew its position in shares of Jabil by 15.3% during the third quarter. D.A. Davidson & CO. now owns 29,305 shares of the technology company’s stock valued at $3,719,000 after purchasing an additional 3,887 shares in the last quarter. Cozad Asset Management Inc. grew its position in shares of Jabil by 21.4% during the third quarter. Cozad Asset Management Inc. now owns 90,828 shares of the technology company’s stock valued at $11,525,000 after purchasing an additional 16,038 shares in the last quarter. Deutsche Bank AG grew its position in shares of Jabil by 87.1% during the third quarter. Deutsche Bank AG now owns 185,371 shares of the technology company’s stock valued at $23,522,000 after purchasing an additional 86,285 shares in the last quarter. Finally, Czech National Bank purchased a new position in Jabil in the fourth quarter worth about $2,849,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Activity at Jabil

In related news, CEO Steven D. Borges sold 14,175 shares of Jabil stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $1,842,750.00. Following the completion of the sale, the chief executive officer now owns 103,086 shares in the company, valued at approximately $13,401,180. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Steven D. Borges sold 14,175 shares of Jabil stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $1,842,750.00. Following the completion of the sale, the chief executive officer now directly owns 103,086 shares of the company’s stock, valued at approximately $13,401,180. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Roberto Ferri sold 6,183 shares of Jabil stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $129.97, for a total transaction of $803,604.51. Following the sale, the senior vice president now directly owns 37,512 shares of the company’s stock, valued at $4,875,434.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 105,658 shares of company stock valued at $13,316,271. 2.62% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on JBL shares. The Goldman Sachs Group boosted their target price on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Stifel Nicolaus lifted their price target on shares of Jabil from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Barclays decreased their price target on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday, March 18th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.50.

Jabil Stock Performance

Shares of JBL opened at $133.95 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.73 and a debt-to-equity ratio of 1.13. The stock has a fifty day moving average price of $136.16 and a 200-day moving average price of $128.52. Jabil Inc. has a 12 month low of $75.48 and a 12 month high of $156.94. The firm has a market cap of $17.09 billion, a PE ratio of 11.50, a P/E/G ratio of 1.42 and a beta of 1.41.

Jabil Dividend Announcement

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

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).