Simmons Bank Invests $207,000 in Jabil Inc. (NYSE:JBL)

Simmons Bank purchased a new stake in Jabil Inc. (NYSE:JBL) in the fourth quarter, HoldingsChannel reports. The fund purchased 1,440 shares of the technology company’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of JBL. Pacer Advisors Inc. raised its holdings in Jabil by 12,251.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock valued at $264,391,000 after acquiring an additional 2,188,521 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Jabil by 406.5% in the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock valued at $86,613,000 after buying an additional 580,100 shares in the last quarter. FMR LLC boosted its position in shares of Jabil by 11.3% during the 3rd quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock valued at $613,087,000 after acquiring an additional 520,672 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Jabil by 595.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company’s stock valued at $41,118,000 after acquiring an additional 293,801 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in Jabil by 511.3% during the fourth quarter. Handelsbanken Fonder AB now owns 198,348 shares of the technology company’s stock worth $28,542,000 after purchasing an additional 165,900 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Stifel Nicolaus restated a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. The Goldman Sachs Group boosted their price target on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research report on Monday. UBS Group boosted their price objective on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Barclays upped their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Finally, StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.83.

Insider Transactions at Jabil

In other news, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the transaction, the director now owns 5,900 shares in the company, valued at $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the sale, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. The trade was a 2.81 % 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 valued at $12,804,458 over the last three months. 1.73% of the stock is currently owned by corporate insiders.

Jabil Stock Down 3.1 %

Shares of NYSE JBL opened at $153.86 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. The firm has a market capitalization of $16.80 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23. The firm’s 50-day moving average is $158.75 and its 200-day moving average is $134.29. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80.

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

Jabil Announces Dividend

The company 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 $0.08 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.21%. Jabil’s dividend payout ratio (DPR) is presently 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).