Wealth Enhancement Advisory Services LLC Boosts Holdings in Jabil Inc. (NYSE:JBL)

Wealth Enhancement Advisory Services LLC raised its holdings in Jabil Inc. (NYSE:JBLFree Report) by 13.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,039 shares of the technology company’s stock after purchasing an additional 1,760 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Jabil were worth $2,164,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. grew its holdings in shares of Jabil by 12,251.7% during the third quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock worth $264,391,000 after buying an additional 2,188,521 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Jabil during the second quarter worth approximately $78,660,000. AQR Capital Management LLC grew its stake in Jabil by 195.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock worth $115,404,000 after acquiring an additional 702,199 shares during the period. Two Sigma Advisers LP raised its holdings in Jabil by 406.5% in the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock valued at $86,613,000 after acquiring an additional 580,100 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Jabil by 11.3% during the 3rd quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after purchasing an additional 520,672 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Stock Up 1.6 %

JBL opened at $155.90 on Wednesday. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $156.94. The firm has a 50 day moving average price of $138.75 and a 200 day moving average price of $121.92. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. The company has a market cap of $17.41 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23.

Jabil (NYSE:JBLGet Free Report) last released its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.12. The company had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.60 earnings per share. Sell-side analysts expect that Jabil Inc. will post 7.89 earnings per share for the current year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date was Friday, November 15th. Jabil’s dividend payout ratio is presently 3.07%.

Insider Transactions at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the sale, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Matthew Crowley sold 1,380 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $125.83, for a total transaction of $173,645.40. Following the transaction, the executive vice president now owns 18,568 shares in the company, valued at $2,336,411.44. This trade represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,689 shares of company stock valued at $8,527,871 over the last quarter. Company insiders own 1.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Bank of America lifted their price objective on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. UBS Group upped their price objective on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. The Goldman Sachs Group upped their price target on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a report on Monday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $153.17.

Read Our Latest Report on Jabil

Jabil Profile

(Free Report)

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).

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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