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

Savant Capital LLC increased its position in shares of Jabil Inc. (NYSE:JBL) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,332 shares of the technology company’s stock after buying an additional 99 shares during the period. Savant Capital LLC’s holdings in Jabil were worth $767,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Bleakley Financial Group LLC increased its stake in shares of Jabil by 2.2% during the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock worth $471,000 after buying an additional 70 shares during the period. Greenleaf Trust increased its stake in shares of Jabil by 1.3% during the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock worth $816,000 after buying an additional 72 shares during the period. Resonant Capital Advisors LLC increased its stake in shares of Jabil by 3.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock worth $365,000 after buying an additional 80 shares during the period. Van ECK Associates Corp increased its stake in shares of Jabil by 6.0% during the third quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock worth $195,000 after buying an additional 90 shares during the period. Finally, Verdence Capital Advisors LLC increased its stake in Jabil by 2.9% in the third quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock valued at $387,000 after purchasing an additional 91 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s 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 completion of the sale, the executive vice president now owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the sale, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock valued at $12,804,458 over the last three months. 1.73% of the stock is currently owned by company insiders.

Jabil Stock Performance

Shares of JBL opened at $169.60 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a market cap of $18.52 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.64 and a beta of 1.23. The company’s 50 day simple moving average is $153.88 and its 200-day simple moving average is $130.73. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80.

Jabil (NYSE:JBL) last announced 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 net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same period last year, the firm posted $2.60 earnings per share. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. As a group, equities analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.19%. The ex-dividend date is Tuesday, February 18th. Jabil’s dividend payout ratio is presently 3.07%.

Analyst Upgrades and Downgrades

Several brokerages have commented on JBL. The Goldman Sachs Group increased their price target on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Barclays increased their price target 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. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, UBS Group increased their price target 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. Three equities 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.com, Jabil currently has an average rating of “Moderate Buy” and an average price target 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).