International Assets Investment Management LLC Acquires New Holdings in Jabil Inc. (NYSE:JBL)

International Assets Investment Management LLC bought a new stake in Jabil Inc. (NYSE:JBL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 29,302 shares of the technology company’s stock, valued at approximately $3,733,000.

Several other large investors have also recently bought and sold shares of JBL. CVA Family Office LLC acquired a new stake in Jabil in the fourth quarter worth approximately $36,000. Valley National Advisers Inc. acquired a new stake in shares of Jabil in the fourth quarter valued at $36,000. Hanseatic Management Services Inc. bought a new position in Jabil during the third quarter valued at about $48,000. Allworth Financial LP grew its holdings in Jabil by 745.8% during the fourth quarter. Allworth Financial LP now owns 406 shares of the technology company’s stock worth $52,000 after acquiring an additional 358 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in Jabil in the third quarter worth about $63,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In other Jabil news, SVP May Yee Yap sold 7,877 shares of the company’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 transaction, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP May Yee Yap sold 7,877 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president now directly owns 29,006 shares in the company, valued at approximately $4,050,687.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the chief executive officer now owns 339,725 shares in the company, valued at approximately $45,591,095. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,877 shares of company stock worth $9,824,383. 2.62% of the stock is currently owned by company insiders.

Jabil Trading Up 0.4 %

Jabil stock opened at $117.95 on Friday. Jabil Inc. has a 52 week low of $77.43 and a 52 week high of $156.94. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. The firm has a market capitalization of $14.22 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 1.25 and a beta of 1.42. The company has a 50 day moving average price of $131.85 and a 200 day moving average price of $129.66.

Jabil (NYSE:JBL) last issued its 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). The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. Research analysts forecast that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Tuesday, May 14th. Jabil’s payout ratio is presently 2.75%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on JBL shares. Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Barclays decreased their price target on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research report on Monday, March 18th. The Goldman Sachs Group increased their price objective on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Jabil has a consensus rating of “Buy” and an average target price of $144.50.

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).