Jabil Inc. (NYSE:JBL) Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its stake in Jabil Inc. (NYSE:JBL) by 52.9% in the fourth quarter, Holdings Channel reports. The fund owned 474 shares of the technology company’s stock after purchasing an additional 164 shares during the period. TD Private Client Wealth LLC’s holdings in Jabil were worth $68,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of JBL. Bleakley Financial Group LLC increased its position in 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 purchasing an additional 70 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Jabil by 1.3% during the 4th 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 last quarter. Resonant Capital Advisors LLC raised its position in shares of Jabil by 3.3% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock valued at $365,000 after buying an additional 80 shares during the period. Lifestyle Asset Management Inc. lifted its holdings in Jabil by 1.0% in the fourth quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company’s stock valued at $1,384,000 after acquiring an additional 95 shares during the last quarter. Finally, Savant Capital LLC grew its position in Jabil by 1.9% in the fourth quarter. Savant Capital LLC now owns 5,332 shares of the technology company’s stock worth $767,000 after acquiring an additional 99 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on JBL. Stifel Nicolaus restated a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Friday, March 21st. JPMorgan Chase & Co. lifted their price target on shares of Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. UBS Group upped their price objective on shares of Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, Barclays lifted 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, March 21st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $167.50.

Insider Buying and Selling

In other news, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the transaction, the director now directly owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. This represents a 89.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the sale, the director now directly owns 12,900 shares in the company, valued at $2,093,283. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,400 shares of company stock worth $12,804,458. Company insiders own 1.73% of the company’s stock.

Jabil Price Performance

Jabil stock opened at $148.20 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The firm has a market cap of $16.18 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. The company’s 50 day moving average is $155.73 and its two-hundred day moving average is $139.06.

Jabil (NYSE:JBL) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same period last year, the business posted $1.68 earnings per share. Jabil’s revenue was down .6% compared to the same quarter last year. On average, research analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil’s dividend payout ratio is presently 7.66%.

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).