BayBridge Capital Group LLC Buys 449 Shares of Jabil Inc. (NYSE:JBL)

BayBridge Capital Group LLC boosted its stake in Jabil Inc. (NYSE:JBL) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,885 shares of the technology company’s stock after acquiring an additional 449 shares during the quarter. Jabil accounts for 1.0% of BayBridge Capital Group LLC’s portfolio, making the stock its 27th largest position. BayBridge Capital Group LLC’s holdings in Jabil were worth $1,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBL. Meyer Handelman Co. bought a new stake in shares of Jabil in the fourth quarter valued at about $7,334,000. Davis Investment Partners LLC bought a new stake in Jabil in the 4th quarter valued at approximately $1,433,000. Nicola Wealth Management LTD. boosted its position in Jabil by 54.9% during the 3rd quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock worth $4,733,000 after acquiring an additional 14,000 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of Jabil during the 4th quarter worth approximately $235,000. Finally, Foster & Motley Inc. raised its holdings in shares of Jabil by 8.7% in the third quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock valued at $6,252,000 after purchasing an additional 4,181 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was 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 owns 138,472 shares in the company, valued at $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John C. Plant sold 50,000 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the transaction, the director now owns 5,900 shares in the company, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,400 shares of company stock worth $12,804,458. Insiders own 1.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on JBL. UBS Group increased their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Stifel Nicolaus restated a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. The Goldman Sachs Group lifted their target price on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Barclays boosted their price target on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $153.17.

Jabil Trading Down 0.2 %

Jabil stock opened at $165.36 on Friday. The stock has a 50-day simple moving average of $150.63 and a 200 day simple moving average of $128.58. The stock has a market capitalization of $18.05 billion, a P/E ratio of 15.85, a PEG ratio of 1.61 and a beta of 1.23. 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 Inc. has a 52 week low of $95.85 and a 52 week high of $174.80.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same period in the previous year, the firm earned $2.60 EPS. The firm’s revenue was down 16.6% compared to the same quarter last year. Analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.19%. The ex-dividend date is Tuesday, February 18th. Jabil’s payout ratio is 3.07%.

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).