Park Avenue Securities LLC Has $805,000 Stake in Jabil Inc. (NYSE:JBL)

Park Avenue Securities LLC increased its stake in Jabil Inc. (NYSE:JBL) by 127.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,595 shares of the technology company’s stock after purchasing an additional 3,136 shares during the period. Park Avenue Securities LLC’s holdings in Jabil were worth $805,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Davis Investment Partners LLC bought a new position in shares of Jabil during the fourth quarter worth about $1,433,000. Nicola Wealth Management LTD. grew its stake in shares of Jabil by 54.9% during the 3rd quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock worth $4,733,000 after acquiring an additional 14,000 shares in the last quarter. Foster & Motley Inc. lifted its position in shares of Jabil by 8.7% in the third quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock worth $6,252,000 after purchasing an additional 4,181 shares in the last quarter. Empowered Funds LLC boosted its holdings in Jabil by 11.8% during the third quarter. Empowered Funds LLC now owns 145,682 shares of the technology company’s stock worth $17,457,000 after purchasing an additional 15,413 shares during the last quarter. Finally, Pallas Capital Advisors LLC grew its position in Jabil by 8.0% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,123 shares of the technology company’s stock valued at $306,000 after purchasing an additional 158 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Ratings Changes

JBL has been the subject of a number of recent research reports. Stifel Nicolaus restated a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays raised their price target on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Bank of America upped their price objective on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. UBS Group raised their target price on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Finally, StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Jabil currently has an average rating of “Moderate Buy” and an average price target of $153.17.

Jabil Trading Up 2.9 %

Shares of Jabil stock opened at $167.62 on Wednesday. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $168.80. The company has a market capitalization of $18.30 billion, a price-to-earnings ratio of 16.07, a P/E/G ratio of 1.71 and a beta of 1.23. The business has a fifty day simple moving average of $141.99 and a two-hundred day simple moving average of $124.14. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. Jabil’s revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.60 EPS. Research analysts forecast that Jabil Inc. will post 8.03 EPS for the current year.

Insider Transactions at Jabil

In related news, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the transaction, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. This trade represents a 22.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction dated 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 completion of the sale, the director now owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,038 shares of company stock worth $8,073,666. Company insiders own 1.73% of the company’s stock.

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).