GAMMA Investing LLC Makes New Investment in Jabil Inc. (NYSE:JBL)

GAMMA Investing LLC purchased a new position in Jabil Inc. (NYSE:JBL) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 643 shares of the technology company’s stock, valued at approximately $81,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new stake in shares of Jabil in the third quarter worth $334,000. Asset Management One Co. Ltd. acquired a new stake in Jabil during the third quarter valued at approximately $6,665,000. Simplicity Solutions LLC acquired a new position in Jabil in the third quarter worth $342,000. Commonwealth Equity Services LLC raised its holdings in shares of Jabil by 5.5% during the third quarter. Commonwealth Equity Services LLC now owns 29,966 shares of the technology company’s stock worth $3,802,000 after purchasing an additional 1,561 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new position in shares of Jabil in the 3rd quarter worth about $4,530,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Trading Up 1.4 %

NYSE:JBL opened at $119.87 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. The company has a market capitalization of $14.46 billion, a P/E ratio of 10.29, a P/E/G ratio of 1.26 and a beta of 1.40. The stock’s 50 day moving average price is $135.60 and its 200 day moving average price is $130.54. Jabil Inc. has a 52 week low of $75.48 and a 52 week high of $156.94.

Jabil (NYSE:JBL) last released its quarterly earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.01). Jabil had a return on equity of 39.47% and a net margin of 4.70%. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.91 billion. On average, research analysts forecast that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.32 annualized dividend and a yield of 0.27%. Jabil’s dividend payout ratio (DPR) is presently 2.75%.

Insider Buying and Selling at Jabil

In related news, SVP May Yee Yap sold 7,877 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the transaction, the senior vice president now owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP May Yee Yap sold 7,877 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the transaction, the senior vice president now directly owns 29,006 shares in the company, valued at $4,050,687.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Kenneth S. Wilson sold 15,000 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the transaction, the chief executive officer now directly owns 339,725 shares in the company, valued at approximately $45,591,095. The disclosure for this sale can be found here. Insiders sold 75,877 shares of company stock worth $9,824,383 over the last ninety days. Company insiders own 2.62% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on JBL. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Argus lowered shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Barclays cut their price objective on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research report on Monday, March 18th. Finally, The Goldman Sachs Group lifted their price target on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $144.50.

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).