Jabil Inc. (NYSE:JBL) Shares Bought by Guggenheim Capital LLC

Guggenheim Capital LLC grew its position in Jabil Inc. (NYSE:JBL) by 45.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,716 shares of the technology company’s stock after acquiring an additional 6,432 shares during the period. Guggenheim Capital LLC’s holdings in Jabil were worth $2,981,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Jabil in the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Jabil in the 4th quarter worth $29,000. Millstone Evans Group LLC purchased a new stake in Jabil in the 4th quarter worth $37,000. First Horizon Advisors Inc. raised its position in Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after acquiring an additional 130 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Jabil in the fourth quarter valued at about $43,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jabil

In other news, Director John C. Plant sold 50,000 shares of the firm’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 of the company’s stock, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the sale, the chairman now directly owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. The trade was a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,400 shares of company stock worth $11,810,418. 1.73% of the stock is currently owned by insiders.

Jabil Stock Up 0.8 %

JBL stock opened at $134.97 on Friday. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The firm has a market cap of $14.49 billion, a PE ratio of 12.94, a PEG ratio of 1.65 and a beta of 1.12. The firm’s 50 day moving average price is $142.95 and its 200-day moving average price is $141.54. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion for 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 company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 EPS. On average, equities research analysts anticipate that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Thursday, May 15th. Jabil’s dividend payout ratio (DPR) is 7.66%.

Analysts Set New Price Targets

JBL has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Jabil from $175.00 to $146.00 and set a “buy” rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. lowered their target price on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a research note on Thursday. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Friday. Barclays boosted their price target on shares of Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. Finally, UBS Group increased their price objective on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $158.50.

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).