International Assets Investment Management LLC Takes Position in Jabil Inc. (NYSE:JBL)

International Assets Investment Management LLC bought a new position in shares of Jabil Inc. (NYSE:JBL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 29,302 shares of the technology company’s stock, valued at approximately $3,733,000.

Other institutional investors also recently modified their holdings of the company. CVA Family Office LLC bought a new stake in Jabil in the fourth quarter valued at approximately $36,000. Valley National Advisers Inc. acquired a new stake in Jabil during the fourth quarter worth approximately $36,000. Hanseatic Management Services Inc. acquired a new stake in Jabil during the third quarter worth approximately $48,000. Allworth Financial LP grew its stake in Jabil by 745.8% during the fourth quarter. Allworth Financial LP now owns 406 shares of the technology company’s stock worth $52,000 after purchasing an additional 358 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in Jabil during the third quarter worth approximately $63,000. Institutional investors own 93.39% of the company’s stock.

Insider Activity at Jabil

In related news, SVP May Yee Yap sold 7,877 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the transaction, the senior vice president now owns 29,006 shares of the company’s stock, valued at $4,050,687.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Gerald Creadon sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total value of $406,860.00. Following the sale, the executive vice president now directly owns 65,434 shares of the company’s stock, valued at $8,874,159.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the sale, the senior vice president now owns 29,006 shares in the company, valued at $4,050,687.90. The disclosure for this sale can be found here. Insiders have sold a total of 75,877 shares of company stock valued at $9,824,383 over the last 90 days. 2.62% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays decreased their target price on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday, March 18th. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Argus lowered Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, The Goldman Sachs Group raised their target price on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a report on Monday, March 4th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $144.50.

Jabil Trading Up 0.4 %

Shares of JBL stock opened at $117.95 on Friday. The company’s fifty day simple moving average is $131.85 and its two-hundred day simple moving average is $129.66. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. Jabil Inc. has a 1 year low of $77.43 and a 1 year high of $156.94. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 1.25 and a beta of 1.42.

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

Jabil Announces Dividend

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 paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Jabil’s dividend payout ratio is presently 2.75%.

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).