Moran Wealth Management LLC Buys New Holdings in Jabil Inc. (NYSE:JBL)

Moran Wealth Management LLC bought a new stake in Jabil Inc. (NYSE:JBL) during the fourth quarter, HoldingsChannel reports. The fund bought 22,423 shares of the technology company’s stock, valued at approximately $3,227,000.

A number of other large investors have also recently bought and sold shares of the company. FMR LLC boosted its position in Jabil by 11.3% in the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock valued at $613,087,000 after buying an additional 520,672 shares during the last quarter. Primecap Management Co. CA boosted its position in Jabil by 0.3% in the 3rd quarter. Primecap Management Co. CA now owns 3,692,560 shares of the technology company’s stock worth $442,479,000 after purchasing an additional 9,685 shares in the last quarter. Pacer Advisors Inc. boosted its position in Jabil by 12,251.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock worth $264,391,000 after purchasing an additional 2,188,521 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Jabil by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,045,213 shares of the technology company’s stock worth $150,406,000 after purchasing an additional 10,541 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Jabil by 15.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 903,526 shares of the technology company’s stock worth $108,270,000 after purchasing an additional 118,376 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Activity at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the transaction, the director now directly owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This represents a 14.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $599,240.00. Following the completion of the transaction, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. 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 insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. The Goldman Sachs Group upped their price objective on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Barclays upped their price objective on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. 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 report on Thursday, December 19th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, UBS Group upped their price objective on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.83.

Jabil Trading Down 4.9 %

Shares of NYSE:JBL opened at $133.08 on Tuesday. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The firm has a market capitalization of $14.53 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth 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. The business’s 50 day moving average price is $158.22 and its 200-day moving average price is $136.50.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same quarter last year, the firm posted $2.60 EPS. The business’s revenue was down 16.6% on a year-over-year basis. On average, equities research analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

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

About Jabil

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).