Nisa Investment Advisors LLC Acquires 4,978 Shares of Jabil Inc. (NYSE:JBL)

Nisa Investment Advisors LLC increased its holdings in Jabil Inc. (NYSE:JBL) by 15.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,776 shares of the technology company’s stock after purchasing an additional 4,978 shares during the period. Nisa Investment Advisors LLC’s holdings in Jabil were worth $5,292,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Chesley Taft & Associates LLC purchased a new position in shares of Jabil in the fourth quarter worth $201,000. Trust Asset Management LLC purchased a new stake in Jabil in the 4th quarter worth $212,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Jabil by 30.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock valued at $67,000 after purchasing an additional 109 shares during the last quarter. UMB Bank n.a. grew its position in shares of Jabil by 6.5% during the fourth quarter. UMB Bank n.a. now owns 2,321 shares of the technology company’s stock valued at $334,000 after purchasing an additional 142 shares in the last quarter. Finally, HB Wealth Management LLC increased its holdings in shares of Jabil by 9.3% in the fourth quarter. HB Wealth Management LLC now owns 3,696 shares of the technology company’s stock worth $532,000 after purchasing an additional 316 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the transaction, the director now directly owns 119,108 shares in the company, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Frederic E. Mccoy sold 4,283 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $122.28, for a total value of $523,725.24. Following the completion of the sale, the executive vice president now owns 142,472 shares of the company’s stock, valued at $17,421,476.16. This represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,038 shares of company stock valued at $5,579,666. 1.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

JBL has been the subject of several research analyst reports. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a report on Tuesday. The Goldman Sachs Group boosted their price target on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Barclays increased their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Stifel Nicolaus restated a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, Bank of America lifted their price target on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $153.17.

Jabil Price Performance

JBL stock opened at $173.26 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The stock has a market cap of $18.92 billion, a PE ratio of 16.61, a P/E/G ratio of 1.68 and a beta of 1.23. The company has a 50-day moving average price of $144.48 and a 200 day moving average price of $125.22.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter in the prior year, the firm posted $2.60 earnings per share. The company’s quarterly revenue was down 16.6% on a year-over-year basis. Equities research analysts anticipate that Jabil Inc. will post 8.03 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.18%. Jabil’s dividend payout ratio (DPR) is 3.07%.

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).