Transcend Capital Advisors LLC Acquires 155 Shares of Jabil Inc. (NYSE:JBL)

Transcend Capital Advisors LLC boosted its holdings in Jabil Inc. (NYSE:JBL) by 8.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,982 shares of the technology company’s stock after purchasing an additional 155 shares during the period. Transcend Capital Advisors LLC’s holdings in Jabil were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in JBL. Raymond James & Associates raised its stake in Jabil by 6.5% in the 3rd quarter. Raymond James & Associates now owns 115,108 shares of the technology company’s stock valued at $13,793,000 after acquiring an additional 7,046 shares during the period. Foundations Investment Advisors LLC bought a new stake in Jabil in the 3rd quarter valued at $241,000. Private Advisor Group LLC raised its stake in Jabil by 4.9% in the 3rd quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company’s stock valued at $309,000 after acquiring an additional 120 shares during the period. International Assets Investment Management LLC raised its stake in Jabil by 11,262.2% in the 3rd quarter. International Assets Investment Management LLC now owns 21,929 shares of the technology company’s stock valued at $2,628,000 after acquiring an additional 21,736 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its stake in Jabil by 16.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 6,674 shares of the technology company’s stock valued at $800,000 after acquiring an additional 942 shares during the period. Institutional investors own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of research reports. The Goldman Sachs Group upped their price objective on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. UBS Group upped their price objective on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, Barclays upped their price objective on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Jabil presently has a consensus rating of “Moderate Buy” and an average target price of $153.17.

Jabil Stock Performance

JBL opened at $162.54 on Monday. The firm has a market cap of $17.75 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The business’s fifty day moving average is $157.22 and its 200-day moving average is $133.19.

Jabil (NYSE:JBL) last released 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. The company 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%. Jabil’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.60 EPS. Sell-side analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.08 dividend. 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 dividend payout ratio (DPR) is presently 3.07%.

Insider Activity at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the sale, the director now directly owns 119,108 shares of the company’s stock, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock valued at $12,804,458 over the last ninety days. 1.73% of the stock is owned by corporate insiders.

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).