M.D. Sass LLC Increases Stake in Jabil Inc. (NYSE:JBL)

M.D. Sass LLC increased its position in shares of Jabil Inc. (NYSE:JBL) by 1.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 417,980 shares of the technology company’s stock after buying an additional 5,543 shares during the quarter. Jabil comprises about 4.5% of M.D. Sass LLC’s portfolio, making the stock its 11th largest holding. M.D. Sass LLC’s holdings in Jabil were worth $60,147,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Jabil in the 3rd quarter valued at $365,000. PNC Financial Services Group Inc. increased its holdings in Jabil by 2.9% in the third quarter. PNC Financial Services Group Inc. now owns 35,734 shares of the technology company’s stock valued at $4,282,000 after buying an additional 1,013 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in Jabil in the third quarter valued at $5,434,000. Larson Financial Group LLC lifted its holdings in Jabil by 45.0% during the 3rd quarter. Larson Financial Group LLC now owns 2,444 shares of the technology company’s stock worth $293,000 after buying an additional 758 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Jabil by 2.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 13,833 shares of the technology company’s stock worth $1,658,000 after acquiring an additional 384 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

JBL has been the topic of several research analyst reports. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research report on Friday. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Barclays upped their target price on shares of Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on shares of Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, UBS Group upped their price objective on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Jabil presently has an average rating of “Moderate Buy” and an average target price of $167.50.

Insiders Place Their Bets

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the sale, the director now owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,400 shares of company stock valued at $12,804,458. 1.73% of the stock is owned by company insiders.

Jabil Stock Performance

Shares of Jabil stock opened at $149.89 on Tuesday. The firm’s fifty day simple moving average is $155.89 and its 200-day simple moving average is $138.73. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The stock has a market capitalization of $16.36 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 1.65 and a beta of 1.19. 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 issued its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same period last year, the firm posted $1.68 EPS. Jabil’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.21%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio is presently 7.66%.

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).