Inspire Investing LLC Sells 134 Shares of Jabil Inc. (NYSE:JBL)

Inspire Investing LLC decreased its position in Jabil Inc. (NYSE:JBL) by 1.1% during the 4th quarter, HoldingsChannel reports. The fund owned 11,671 shares of the technology company’s stock after selling 134 shares during the quarter. Inspire Investing LLC’s holdings in Jabil were worth $1,679,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of Jabil during the 3rd quarter worth approximately $32,000. Brooklyn Investment Group bought a new position in shares of Jabil in the 3rd quarter valued at about $39,000. Matrix Trust Co increased its stake in shares of Jabil by 135.4% during the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after purchasing an additional 214 shares during the last quarter. Armstrong Advisory Group Inc. raised its holdings in shares of Jabil by 114.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock valued at $51,000 after purchasing an additional 228 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Jabil by 30.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock valued at $67,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Up 0.9 %

Shares of JBL opened at $169.04 on Thursday. The firm has a 50 day simple moving average of $142.73 and a two-hundred day simple moving average of $124.45. 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 Inc. has a one year low of $95.85 and a one year high of $170.80. The company has a market cap of $18.46 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.76 and a beta of 1.23.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period last year, the firm posted $2.60 earnings per share. Research analysts forecast that Jabil Inc. will post 8.03 EPS for the current fiscal year.

Insider Transactions at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the sale, the executive vice president now directly owns 138,472 shares in the company, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the sale, the director now directly owns 119,108 shares of the company’s stock, valued at $18,021,040.40. The trade was a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,038 shares of company stock worth $5,579,666 over the last three months. 1.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on JBL shares. Stifel Nicolaus restated a “buy” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. The Goldman Sachs Group increased their price objective on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday. Bank of America boosted their price objective on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Barclays upped their price objective on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $153.17.

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).