Allworth Financial LP Boosts Stock Position in Jabil Inc. (NYSE:JBL)

Allworth Financial LP boosted its holdings in Jabil Inc. (NYSE:JBL) by 745.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 406 shares of the technology company’s stock after buying an additional 358 shares during the quarter. Allworth Financial LP’s holdings in Jabil were worth $52,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Amundi grew its holdings in shares of Jabil by 419.8% during the fourth quarter. Amundi now owns 421 shares of the technology company’s stock worth $32,000 after purchasing an additional 340 shares during the last quarter. CVA Family Office LLC purchased a new position in shares of Jabil during the fourth quarter worth about $36,000. Zions Bancorporation N.A. purchased a new position in shares of Jabil during the first quarter worth about $40,000. ST Germain D J Co. Inc. purchased a new position in shares of Jabil during the second quarter worth about $41,000. Finally, Natixis acquired a new stake in shares of Jabil during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Activity

In other news, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the sale, the senior vice president now directly owns 29,006 shares in the company, valued at approximately $4,050,687.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the sale, the senior vice president now directly owns 29,006 shares in the company, valued at approximately $4,050,687.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Mark T. Mondello sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the transaction, the chairman now directly owns 1,809,194 shares of the company’s stock, valued at $228,121,271.46. The disclosure for this sale can be found here. In the last three months, insiders sold 92,177 shares of company stock worth $11,665,039. Company insiders own 2.62% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on JBL. Barclays decreased their target price on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday, March 18th. Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Finally, The Goldman Sachs Group increased their target price on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.50.

Jabil Price Performance

Shares of NYSE:JBL opened at $134.07 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. The company has a market cap of $16.17 billion, a P/E ratio of 11.51, a PEG ratio of 1.47 and a beta of 1.40. Jabil Inc. has a 52 week low of $75.48 and a 52 week high of $156.94. The company has a 50-day moving average price of $138.51 and a 200 day moving average price of $130.95.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. Research analysts predict that Jabil Inc. will post 7.83 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Thursday, February 15th were given a dividend of $0.08 per share. The ex-dividend date was Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil’s payout ratio is 2.75%.

About Jabil

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).