1,877 Shares in Jabil Inc. (NYSE:JBL) Purchased by Everpar Advisors LLC

Everpar Advisors LLC acquired a new position in Jabil Inc. (NYSE:JBL) during the 4th quarter, HoldingsChannel reports. The fund acquired 1,877 shares of the technology company’s stock, valued at approximately $239,000.

A number of other institutional investors have also bought and sold shares of the business. HB Wealth Management LLC lifted its stake in Jabil by 3.9% in the 4th quarter. HB Wealth Management LLC now owns 2,183 shares of the technology company’s stock worth $278,000 after purchasing an additional 82 shares in the last quarter. Signaturefd LLC lifted its stake in Jabil by 1.3% in the 3rd quarter. Signaturefd LLC now owns 6,761 shares of the technology company’s stock worth $858,000 after purchasing an additional 86 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Jabil by 0.9% in the 4th quarter. Mackenzie Financial Corp now owns 10,258 shares of the technology company’s stock worth $1,307,000 after purchasing an additional 90 shares in the last quarter. Field & Main Bank lifted its stake in Jabil by 5.6% in the 4th quarter. Field & Main Bank now owns 1,875 shares of the technology company’s stock worth $239,000 after purchasing an additional 100 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in Jabil by 3.2% in the 3rd quarter. Fifth Third Bancorp now owns 3,836 shares of the technology company’s stock worth $487,000 after purchasing an additional 120 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, March 4th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Barclays reduced 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. Finally, Argus lowered shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $144.50.

Jabil Stock Up 0.1 %

Shares of NYSE JBL opened at $117.53 on Thursday. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.25 and a beta of 1.42. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. Jabil Inc. has a 52-week low of $77.43 and a 52-week high of $156.94. The business’s 50 day moving average is $132.38 and its two-hundred day moving average is $129.74.

Jabil (NYSE:JBL) last announced its earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. Research analysts predict that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Jabil’s payout ratio is 2.75%.

Insider Buying and Selling at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total value of $6,304,500.00. Following the completion of the transaction, the chairman now owns 1,809,194 shares in the company, valued at $228,121,271.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 339,725 shares in the company, valued at $45,591,095. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mark T. Mondello sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the completion of the transaction, the chairman now owns 1,809,194 shares of the company’s stock, valued at approximately $228,121,271.46. The disclosure for this sale can be found here. Insiders have sold a total of 75,877 shares of company stock valued at $9,824,383 over the last quarter. 2.62% of the stock is owned by company insiders.

About Jabil

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).