Rowlandmiller & PARTNERS.ADV Acquires Shares of 700 Jabil Inc. (NYSE:JBL)

Rowlandmiller & PARTNERS.ADV acquired a new stake in shares of Jabil Inc. (NYSE:JBL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 700 shares of the technology company’s stock, valued at approximately $101,000.

Several other institutional investors have also bought and sold shares of JBL. Meyer Handelman Co. purchased a new stake in shares of Jabil in the fourth quarter valued at $7,334,000. Davis Investment Partners LLC purchased a new stake in shares of Jabil in the fourth quarter valued at $1,433,000. Nicola Wealth Management LTD. raised its stake in shares of Jabil by 54.9% in the third quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock valued at $4,733,000 after acquiring an additional 14,000 shares during the period. Merit Financial Group LLC purchased a new stake in shares of Jabil in the fourth quarter valued at $235,000. Finally, Foster & Motley Inc. raised its stake in shares of Jabil by 8.7% in the third quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock valued at $6,252,000 after acquiring an additional 4,181 shares during the period. Institutional investors own 93.39% of the company’s stock.

Insiders Place Their Bets

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. This represents a 2.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares in the company, valued at $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock worth $12,804,458 in the last three months. Corporate insiders own 1.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on JBL. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays increased their target price on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group raised their price target on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, UBS Group raised their price target on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Jabil has an average rating of “Moderate Buy” and an average price target of $153.17.

Jabil Trading Down 2.2 %

JBL stock opened at $162.54 on Monday. The company has a market capitalization of $17.75 billion, a PE ratio of 15.58, a P/E/G ratio of 1.65 and a beta of 1.23. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The firm’s 50-day moving average is $157.22 and its 200 day moving average is $133.19. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same period in the prior year, the business earned $2.60 EPS. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. On average, research analysts anticipate that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s payout ratio 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).