EverSource Wealth Advisors LLC Has $1.10 Million Stock Position in Jabil Inc. (NYSE:JBL)

EverSource Wealth Advisors LLC increased its holdings in Jabil Inc. (NYSE:JBL) by 11.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,230 shares of the technology company’s stock after acquiring an additional 833 shares during the period. EverSource Wealth Advisors LLC’s holdings in Jabil were worth $1,102,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in JBL. Benjamin Edwards Inc. purchased a new stake in Jabil in the 1st quarter valued at about $25,000. Activest Wealth Management purchased a new stake in Jabil in the 1st quarter valued at about $28,000. ORG Partners LLC purchased a new stake in Jabil in the 1st quarter valued at about $29,000. Alaska Permanent Fund Corp purchased a new stake in Jabil in the 4th quarter valued at about $29,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in Jabil in the 4th quarter valued at about $32,000. Institutional investors own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

JBL has been the subject of several analyst reports. Barclays decreased their price objective on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, June 21st. JPMorgan Chase & Co. decreased their price target on shares of Jabil from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, June 17th. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. UBS Group decreased their price target on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. Finally, Bank of America decreased their price target on shares of Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, June 21st. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $142.63.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the transaction, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Frederic E. Mccoy sold 1,250 shares of Jabil stock in a transaction on Monday, July 15th. The shares were sold at an average price of $116.42, for a total transaction of $145,525.00. Following the completion of the sale, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP May Yee Yap sold 4,274 shares of Jabil stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the sale, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at $2,905,986.16. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.

Jabil Stock Performance

Jabil stock traded down $9.38 during mid-day trading on Friday, reaching $99.62. The company’s stock had a trading volume of 3,749,817 shares, compared to its average volume of 1,328,192. Jabil Inc. has a 12-month low of $96.77 and a 12-month high of $156.94. The company has a market capitalization of $11.30 billion, a P/E ratio of 9.06, a PEG ratio of 1.95 and a beta of 1.27. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. The firm’s fifty day moving average price is $114.02 and its two-hundred day moving average price is $124.80.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, June 20th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.85 by $0.04. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.53 billion. During the same period last year, the firm earned $1.85 EPS. The business’s quarterly revenue was down 20.2% compared to the same quarter last year. Sell-side analysts predict that Jabil Inc. will post 7.86 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Thursday, August 15th. Jabil’s payout ratio is 2.91%.

Jabil Company 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).