SBI Securities Co. Ltd. Invests $27,000 in Jabil Inc. (NYSE:JBL)

SBI Securities Co. Ltd. purchased a new position in Jabil Inc. (NYSE:JBL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 189 shares of the technology company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in shares of Jabil in the 3rd quarter worth approximately $39,000. First Horizon Advisors Inc. grew its stake in shares of Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after buying an additional 130 shares during the last quarter. GHP Investment Advisors Inc. purchased a new stake in shares of Jabil in the 4th quarter worth approximately $43,000. Smartleaf Asset Management LLC grew its stake in shares of Jabil by 113.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock worth $43,000 after buying an additional 158 shares during the last quarter. Finally, Cromwell Holdings LLC grew its stake in shares of Jabil by 412.7% in the 4th quarter. Cromwell Holdings LLC now owns 364 shares of the technology company’s stock worth $52,000 after buying an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Transactions at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the transaction, the director now directly owns 119,108 shares in the company, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of Jabil 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 transaction, the director now owns 12,900 shares in the company, valued at $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock worth $12,804,458 in the last ninety days. Insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays upped their price target on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group lifted their target price on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a report on Monday, February 24th. UBS Group lifted their target price on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.83.

Jabil Stock Performance

JBL stock opened at $133.98 on Thursday. The company has a market cap of $14.63 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The stock’s fifty day moving average price is $157.79 and its 200-day moving average price is $136.65.

Jabil (NYSE:JBL) last released its quarterly 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. The firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period last year, the business posted $2.60 EPS. On average, equities analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil’s dividend payout ratio (DPR) is currently 3.07%.

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).