Jabil Inc. (NYSE:JBL) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its position in Jabil Inc. (NYSE:JBL) by 82.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,969 shares of the technology company’s stock after acquiring an additional 888 shares during the period. Farther Finance Advisors LLC’s holdings in Jabil were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of JBL. EverSource Wealth Advisors LLC lifted its stake in shares of Jabil by 1.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,618 shares of the technology company’s stock worth $1,096,000 after buying an additional 138 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Jabil by 8.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,939 shares of the technology company’s stock worth $567,000 after buying an additional 306 shares during the period. HighTower Advisors LLC lifted its stake in shares of Jabil by 15.8% during the fourth quarter. HighTower Advisors LLC now owns 46,954 shares of the technology company’s stock worth $6,757,000 after buying an additional 6,411 shares during the period. AGF Management Ltd. acquired a new stake in shares of Jabil during the fourth quarter worth $483,000. Finally, Independent Advisor Alliance lifted its stake in shares of Jabil by 54.1% during the fourth quarter. Independent Advisor Alliance now owns 3,786 shares of the technology company’s stock worth $545,000 after buying an additional 1,329 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on JBL shares. Barclays lifted their price objective on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. UBS Group raised 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. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Stifel Nicolaus reissued a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Finally, The Goldman Sachs Group raised their target price on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $158.83.

Jabil Stock Down 2.0 %

JBL opened at $135.54 on Wednesday. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week 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. The company has a fifty day moving average of $156.64 and a two-hundred day moving average of $137.61. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter in the previous year, the company earned $2.60 earnings per share. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. On average, research analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.08 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. Jabil’s payout ratio is 3.07%.

Insider Buying and Selling at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction dated 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 owns 138,472 shares of the company’s stock, valued at $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Plant sold 50,000 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 77,400 shares of company stock valued at $12,804,458. Corporate insiders own 1.73% of the company’s stock.

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).