Edmp Inc. Raises Stake in Jabil Inc. (NYSE:JBL)

Edmp Inc. lifted its stake in Jabil Inc. (NYSE:JBL) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,959 shares of the technology company’s stock after purchasing an additional 347 shares during the period. Edmp Inc.’s holdings in Jabil were worth $570,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC grew its holdings in shares of Jabil by 2.2% in the 4th quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock worth $471,000 after acquiring an additional 70 shares during the period. Greenleaf Trust grew its holdings in Jabil by 1.3% in the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock valued at $816,000 after purchasing an additional 72 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in shares of Jabil by 3.3% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock worth $365,000 after buying an additional 80 shares during the last quarter. Van ECK Associates Corp grew its stake in Jabil by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock valued at $195,000 after acquiring an additional 90 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its position in Jabil by 2.9% during the third quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock worth $387,000 after acquiring an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Stock Up 0.7 %

Shares of NYSE:JBL opened at $166.58 on Tuesday. The stock has a 50-day simple moving average of $151.25 and a 200-day simple moving average of $129.22. The stock has a market capitalization of $18.19 billion, a P/E ratio of 15.97, a PEG ratio of 1.64 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 company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06.

Jabil (NYSE:JBL) 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 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 revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.60 earnings per share. Equities analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Tuesday, February 18th. 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 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the transaction, the director now owns 12,900 shares in the company, valued at $2,093,283. This represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock valued at $12,804,458 over the last quarter. Company insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on JBL. The Goldman Sachs Group raised their price target on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Barclays upped their target price on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. UBS Group lifted their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Stifel Nicolaus restated a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $153.17.

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).