GAMMA Investing LLC Has $431,000 Stock Holdings in Jabil Inc. (NYSE:JBL)

GAMMA Investing LLC increased its position in shares of Jabil Inc. (NYSE:JBL) by 83.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,998 shares of the technology company’s stock after purchasing an additional 1,364 shares during the quarter. GAMMA Investing LLC’s holdings in Jabil were worth $431,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in JBL. HHM Wealth Advisors LLC acquired a new stake in shares of Jabil during the second quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new stake in Jabil during the 3rd quarter worth approximately $32,000. Brooklyn Investment Group acquired a new stake in Jabil during the 3rd quarter valued at $39,000. Matrix Trust Co raised its position in Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after purchasing an additional 214 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its stake in Jabil by 114.0% in the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after purchasing an additional 228 shares in the last quarter. 93.39% of the stock is owned by institutional investors.

Insider Activity at Jabil

In other Jabil news, SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 41,507 shares in the company, valued at approximately $5,051,816.97. This trade represents a 22.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the transaction, the director now directly owns 139,108 shares in the company, 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. Over the last 90 days, insiders sold 39,689 shares of company stock worth $4,902,631. 1.73% of the stock is currently owned by company insiders.

Jabil Stock Performance

Shares of Jabil stock opened at $149.66 on Monday. The firm has a fifty day moving average of $135.37 and a two-hundred day moving average of $120.17. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. The stock has a market capitalization of $16.72 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.58 and a beta of 1.25. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94.

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

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were issued a dividend of $0.08 per share. 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 is currently 3.07%.

Analysts Set New Price Targets

JBL has been the subject of a number of research analyst reports. Bank of America lifted their price target on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. StockNews.com lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 19th. The Goldman Sachs Group upped their price objective on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Barclays lifted their target price on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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).