Hunter Associates Investment Management LLC Buys 1,164 Shares of Jabil Inc. (NYSE:JBL)

Hunter Associates Investment Management LLC grew its stake in shares of Jabil Inc. (NYSE:JBL) by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,745 shares of the technology company’s stock after acquiring an additional 1,164 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Jabil were worth $2,410,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of JBL. Van ECK Associates Corp boosted its stake in Jabil by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock valued at $195,000 after purchasing an additional 90 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Jabil by 2.9% during the third quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock valued at $387,000 after buying an additional 91 shares during the last quarter. Lifestyle Asset Management Inc. increased its holdings in Jabil by 1.0% in the 4th quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company’s stock worth $1,384,000 after buying an additional 95 shares in the last quarter. Gateway Investment Advisers LLC raised its position in Jabil by 3.5% in the 3rd quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company’s stock worth $376,000 after buying an additional 105 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Jabil by 30.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock valued at $67,000 after acquiring an additional 109 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Price Performance

Shares of NYSE:JBL opened at $162.54 on Friday. The company has a market capitalization of $17.75 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.60 and a beta of 1.23. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The firm’s 50 day simple moving average is $147.07 and its two-hundred day simple moving average is $126.54. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share 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 the consensus estimate of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. Jabil’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.60 EPS. Research analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.20%. Jabil’s payout ratio is 3.07%.

Analysts Set New Price Targets

Several research firms have recently weighed in on JBL. The Goldman Sachs Group boosted their price objective on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group upped their price objective on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, Barclays raised their price objective on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and an average price target of $153.17.

Insider Buying and Selling at Jabil

In other news, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the sale, the director now directly owns 5,900 shares of the company’s stock, valued at $1,018,045. This represents a 89.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the transaction, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 74,000 shares of company stock valued at $12,252,740 in the last three months. 1.73% of the stock is currently owned by corporate insiders.

Jabil 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).