Ieq Capital LLC Grows Position in Jabil Inc. (NYSE:JBL)

Ieq Capital LLC grew its stake in Jabil Inc. (NYSE:JBL) by 249.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,624 shares of the technology company’s stock after purchasing an additional 21,860 shares during the period. Ieq Capital LLC’s holdings in Jabil were worth $4,407,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of JBL. Blue Trust Inc. lifted its position in shares of Jabil by 32.2% during the 3rd quarter. Blue Trust Inc. now owns 2,559 shares of the technology company’s stock valued at $307,000 after buying an additional 623 shares in the last quarter. Raymond James & Associates lifted its position in shares of Jabil by 6.5% during the 3rd quarter. Raymond James & Associates now owns 115,108 shares of the technology company’s stock valued at $13,793,000 after buying an additional 7,046 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in shares of Jabil during the 3rd quarter valued at approximately $241,000. Private Advisor Group LLC lifted its position in shares of Jabil by 4.9% during the 3rd quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company’s stock valued at $309,000 after buying an additional 120 shares in the last quarter. Finally, Greenleaf Trust lifted its position in shares of Jabil by 10.8% during the 3rd quarter. Greenleaf Trust now owns 5,599 shares of the technology company’s stock valued at $671,000 after buying an additional 546 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analysts Set New Price Targets

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

Jabil Stock Down 2.2 %

Shares of JBL opened at $162.54 on Friday. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The company has a market capitalization of $17.75 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.23. The stock has a fifty day simple moving average of $157.22 and a two-hundred day simple moving average of $132.72. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same period last year, the company earned $2.60 EPS. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. As a group, equities analysts forecast that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend 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%.

Insiders Place Their Bets

In other news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the transaction, the director now directly owns 119,108 shares in the company, valued at approximately $18,021,040.40. This represents 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, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock valued at $12,804,458 in the last three months. 1.73% of the stock is currently owned by insiders.

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).