Colonial Trust Advisors Has $1.22 Million Stake in Jabil Inc. (NYSE:JBL)

Colonial Trust Advisors lowered its position in shares of Jabil Inc. (NYSE:JBL) by 8.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,450 shares of the technology company’s stock after selling 750 shares during the period. Colonial Trust Advisors’ holdings in Jabil were worth $1,216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of JBL. Bessemer Group Inc. raised its stake in shares of Jabil by 1.3% during the 4th quarter. Bessemer Group Inc. now owns 49,056 shares of the technology company’s stock valued at $7,060,000 after purchasing an additional 645 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Jabil in the fourth quarter worth $43,312,000. Martingale Asset Management L P bought a new position in Jabil during the fourth quarter valued at approximately $3,061,000. Advisory Services Network LLC increased its position in shares of Jabil by 41.6% during the 4th quarter. Advisory Services Network LLC now owns 11,742 shares of the technology company’s stock valued at $1,690,000 after purchasing an additional 3,449 shares during the last quarter. Finally, Renaissance Group LLC bought a new position in Jabil in the 4th quarter worth $38,996,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on JBL shares. UBS Group increased their price objective on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. The Goldman Sachs Group boosted their price objective on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a report on Monday, February 24th. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a report on Friday, March 21st. Barclays lifted their target price on shares of Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Jabil currently has an average rating of “Moderate Buy” and a consensus price target of $167.50.

Jabil Stock Performance

Shares of JBL stock opened at $137.54 on Thursday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The stock has a 50-day moving average of $147.20 and a 200-day moving average of $140.82. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The stock has a market cap of $15.02 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $1.68 EPS. As a group, sell-side analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. Jabil’s payout ratio is 7.66%.

Insiders Place Their Bets

In other news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares in the company, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John C. Plant sold 50,000 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the transaction, the director now owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,400 shares of company stock valued at $12,205,218. Insiders own 1.73% of the company’s stock.

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).