Jabil Inc. (NYSE:JBL) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in Jabil Inc. (NYSE:JBL) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,039 shares of the technology company’s stock after purchasing an additional 1,760 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Jabil were worth $2,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Everence Capital Management Inc. purchased a new position in shares of Jabil in the 4th quarter valued at $307,000. GAMMA Investing LLC grew its holdings in shares of Jabil by 83.5% during the fourth quarter. GAMMA Investing LLC now owns 2,998 shares of the technology company’s stock worth $431,000 after purchasing an additional 1,364 shares during the last quarter. Synovus Financial Corp increased its position in shares of Jabil by 92.8% during the third quarter. Synovus Financial Corp now owns 18,056 shares of the technology company’s stock worth $2,164,000 after purchasing an additional 8,693 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Jabil in the 3rd quarter valued at about $347,000. Finally, Sanctuary Advisors LLC boosted its position in shares of Jabil by 1.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 46,101 shares of the technology company’s stock valued at $6,045,000 after purchasing an additional 573 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Performance

NYSE:JBL opened at $155.90 on Wednesday. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $156.94. The firm’s fifty day moving average price is $138.75 and its 200 day moving average price is $121.92.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.12. The business had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.60 earnings per share. On average, sell-side analysts expect that Jabil Inc. will post 7.89 EPS for the current year.

Jabil Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have commented on JBL. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Barclays lifted their target price on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research note on Monday. Bank of America raised their price objective on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, The Goldman Sachs Group upped their target price on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Jabil currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.17.

Insider Buying and Selling

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 139,108 shares in the company, valued at approximately $17,346,767.60. This represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Francis Mckay sold 11,755 shares of the 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 completion of 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 disclosure for this sale can be found here. Insiders have sold 63,689 shares of company stock valued at $8,527,871 over the last quarter. Company insiders own 1.73% of the company’s stock.

Jabil 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).