Kathmere Capital Management LLC Purchases 221 Shares of Jabil Inc. (NYSE:JBL)

Kathmere Capital Management LLC increased its position in Jabil Inc. (NYSE:JBL) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,393 shares of the technology company’s stock after buying an additional 221 shares during the quarter. Kathmere Capital Management LLC’s holdings in Jabil were worth $488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Davis Investment Partners LLC acquired a new stake in Jabil in the fourth quarter valued at $1,433,000. Nicola Wealth Management LTD. increased 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 buying an additional 14,000 shares during the period. Foster & Motley Inc. raised its position in shares of Jabil by 8.7% during the third quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock worth $6,252,000 after acquiring an additional 4,181 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Jabil by 11.8% in the third quarter. Empowered Funds LLC now owns 145,682 shares of the technology company’s stock worth $17,457,000 after acquiring an additional 15,413 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Jabil by 58.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 192,815 shares of the technology company’s stock valued at $23,105,000 after purchasing an additional 71,292 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total value of $2,494,000.00. Following the completion of the sale, the director now directly owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total value of $1,430,701.05. Following the transaction, the senior vice president now directly owns 41,507 shares in the company, valued at approximately $5,051,816.97. The trade was a 22.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,689 shares of company stock worth $8,527,871. Insiders own 1.73% of the company’s stock.

Jabil Stock Performance

Shares of JBL opened at $158.25 on Thursday. The stock has a 50-day moving average of $139.30 and a 200-day moving average of $122.25. Jabil Inc. has a one year low of $95.85 and a one year high of $159.60. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. The company has a market cap of $17.68 billion, a PE ratio of 14.36, a P/E/G ratio of 1.58 and a beta of 1.23.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the previous year, the company posted $2.60 earnings per share. The company’s quarterly revenue was down 16.6% on a year-over-year basis. On average, equities research analysts predict that Jabil Inc. will post 7.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Monday. UBS Group upped their price target on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their price objective on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Bank of America upped their target price on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Barclays lifted their target price on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Three research 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.17.

Jabil Company 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).