Everence Capital Management Inc. Makes New $307,000 Investment in Jabil Inc. (NYSE:JBL)

Everence Capital Management Inc. bought a new position in shares of Jabil Inc. (NYSE:JBL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,130 shares of the technology company’s stock, valued at approximately $307,000.

Other large investors also recently modified their holdings of the company. Nicola Wealth Management LTD. increased its position in Jabil by 54.9% in the third quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock worth $4,733,000 after buying an additional 14,000 shares during the period. Foster & Motley Inc. grew 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 increased its holdings in shares of Jabil by 11.8% in the 3rd 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. BNP Paribas Financial Markets lifted its position in Jabil by 58.7% in 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 last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Jabil by 51.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,107 shares of the technology company’s stock valued at $2,514,000 after purchasing an additional 7,878 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Insider Transactions at Jabil

In other Jabil news, SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the sale, the senior vice president now directly owns 41,507 shares in the company, valued at $5,051,816.97. This represents a 22.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the sale, the director now directly owns 139,108 shares of the company’s stock, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,689 shares of company stock worth $5,501,871. 1.73% of the stock is owned by corporate insiders.

Jabil Stock Performance

Shares of JBL opened at $152.90 on Wednesday. Jabil Inc. has a one year low of $95.85 and a one year high of $156.94. The company has a 50-day moving average of $136.48 and a two-hundred day moving average of $120.73. 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 stock has a market cap of $17.08 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.58 and a beta of 1.23.

Jabil (NYSE:JBL) last announced its quarterly earnings data 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. 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 period in the prior year, the business earned $2.60 EPS. The business’s revenue for the quarter was down 16.6% on a year-over-year basis. On average, equities research analysts expect that Jabil Inc. will post 7.89 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Friday, November 15th. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on JBL shares. Stifel Nicolaus restated a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com downgraded Jabil from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 19th. UBS Group increased their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Barclays lifted their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Finally, Bank of America increased their price target on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Jabil has an average rating of “Moderate Buy” and an average price target of $153.17.

About Jabil

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).