Symmetry Partners LLC Buys New Stake in Jabil Inc. (NYSE:JBL)

Symmetry Partners LLC bought a new stake in Jabil Inc. (NYSE:JBL – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,134 shares of the technology company’s stock, valued at approximately $214,000.

Other large investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its position in shares of Jabil by 246.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 197,349 shares of the technology company’s stock valued at $11,390,000 after purchasing an additional 140,372 shares during the period. Toroso Investments LLC acquired a new position in shares of Jabil during the 3rd quarter valued at $214,000. B. Riley Wealth Advisors Inc. increased its position in shares of Jabil by 8.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,840 shares of the technology company’s stock valued at $1,319,000 after purchasing an additional 1,771 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Jabil during the 3rd quarter valued at $1,275,000. Finally, CENTRAL TRUST Co increased its position in shares of Jabil by 42.1% during the 3rd quarter. CENTRAL TRUST Co now owns 2,515 shares of the technology company’s stock valued at $145,000 after purchasing an additional 745 shares during the period. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jabil

In related news, EVP Gerald Creadon sold 14,297 shares of Jabil stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $70.75, for a total transaction of $1,011,512.75. Following the completion of the sale, the executive vice president now owns 60,965 shares of the company’s stock, valued at $4,313,273.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Kenneth S. Wilson sold 5,000 shares of Jabil stock in a transaction on Monday, January 9th. The stock was sold at an average price of $70.00, for a total transaction of $350,000.00. Following the completion of the sale, the executive vice president now owns 337,776 shares of the company’s stock, valued at $23,644,320. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Gerald Creadon sold 14,297 shares of the firm’s stock in a transaction dated Wednesday, December 21st. The shares were 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 owns 60,965 shares in the company, valued at $4,313,273.75. The disclosure for this sale can be found here. Insiders sold a total of 197,562 shares of company stock valued at $14,936,641 over the last quarter. Company insiders own 2.75% of the company’s stock.

Jabil Stock Performance

Shares of Jabil stock opened at $78.96 on Friday. The stock has a market cap of $10.52 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. The business has a fifty day simple moving average of $81.00 and a 200-day simple moving average of $70.18. The company has a quick ratio of 0.57, a current ratio of 1.02 and a debt-to-equity ratio of 1.02. Jabil Inc. has a 12 month low of $48.80 and a 12 month high of $85.70.

Jabil (NYSE:JBL – Get Rating) last issued 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%. On average, sell-side analysts anticipate that Jabil Inc. will post 7.81 EPS 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 given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.41%. Jabil’s dividend payout ratio (DPR) is presently 4.64%.

Wall Street Analyst Weigh In

JBL has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price target on Jabil from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday. Citigroup lifted their target price on Jabil from $80.00 to $85.00 in a report on Friday, December 16th. Raymond James lifted their target price on Jabil from $84.00 to $100.00 and gave the stock a “strong-buy” rating in a report on Tuesday, March 14th. StockNews.com initiated coverage on Jabil in a report on Thursday. They issued a “buy” rating on the stock. Finally, UBS Group initiated coverage on Jabil in a report on Tuesday, December 13th. They issued a “neutral” rating and a $76.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $92.20.

Jabil Profile

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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.