Todd Asset Management LLC Buys 3,960 Shares of Jabil Inc. (NYSE:JBL)

Todd Asset Management LLC raised its holdings in Jabil Inc. (NYSE:JBL) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 442,113 shares of the technology company’s stock after purchasing an additional 3,960 shares during the quarter. Jabil comprises approximately 1.5% of Todd Asset Management LLC’s portfolio, making the stock its 9th largest holding. Todd Asset Management LLC’s holdings in Jabil were worth $63,620,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in Jabil in the third quarter valued at $32,000. First Horizon Advisors Inc. increased its stake in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after purchasing an additional 130 shares during the period. GHP Investment Advisors Inc. acquired a new position in Jabil in the fourth quarter valued at $43,000. Brooklyn Investment Group acquired a new position in Jabil in the third quarter valued at $39,000. Finally, Cromwell Holdings LLC increased its stake in Jabil by 412.7% in the fourth quarter. Cromwell Holdings LLC now owns 364 shares of the technology company’s stock valued at $52,000 after purchasing an additional 293 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Christopher S. Holland sold 3,400 shares of the company’s 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 completion of the transaction, the director now directly owns 12,900 shares in the company, valued at approximately $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction on 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 owns 138,472 shares in the company, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is currently owned by company insiders.

Jabil Stock Down 2.0 %

Shares of NYSE JBL opened at $159.28 on Tuesday. 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 company has a market capitalization of $17.39 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23. The firm’s 50-day moving average is $157.71 and its two-hundred day moving average is $133.59. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same quarter in the prior year, the business posted $2.60 earnings per share. Jabil’s revenue for the quarter was down 16.6% compared to the same quarter last year. Equities analysts anticipate that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.20%. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JBL. The Goldman Sachs Group boosted their price target on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays boosted their price target on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. UBS Group boosted their price target on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.83.

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).