Islay Capital Management LLC Acquires New Holdings in Jabil Inc. (NYSE:JBL)

Islay Capital Management LLC purchased a new stake in Jabil Inc. (NYSE:JBL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,774 shares of the technology company’s stock, valued at approximately $831,000.

A number of other hedge funds have also recently made changes to their positions in JBL. SBI Securities Co. Ltd. purchased a new position in Jabil in the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Jabil in the fourth quarter worth $29,000. Millstone Evans Group LLC purchased a new position in Jabil in the fourth quarter worth $37,000. First Horizon Advisors Inc. lifted its stake in Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after purchasing an additional 130 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in Jabil during the fourth quarter worth about $43,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JBL. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Friday, March 21st. UBS Group increased their target price on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 21st. JPMorgan Chase & Co. boosted their price target on shares of Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group raised their price objective on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $167.50.

Insider Activity at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the transaction, the director now owns 119,108 shares in the company, valued at $18,021,040.40. The trade was a 14.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now owns 12,900 shares in the company, valued at approximately $2,093,283. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,400 shares of company stock valued at $12,205,218 in the last three months. Company insiders own 1.73% of the company’s stock.

Jabil Price Performance

Shares of Jabil stock opened at $117.13 on Friday. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The firm has a market cap of $12.79 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company’s fifty day simple moving average is $150.60 and its two-hundred day simple moving average is $140.24.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the previous year, the firm earned $1.68 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. As a group, equities analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio is currently 7.66%.

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).