International Assets Investment Management LLC Makes New Investment in Jabil Inc. (NYSE:JBL)

International Assets Investment Management LLC acquired a new position in Jabil Inc. (NYSE:JBL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,302 shares of the technology company’s stock, valued at approximately $3,733,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. CVA Family Office LLC bought a new position in shares of Jabil during the fourth quarter valued at approximately $36,000. Hanseatic Management Services Inc. bought a new position in shares of Jabil during the third quarter valued at approximately $48,000. Ceredex Value Advisors LLC bought a new position in shares of Jabil during the third quarter valued at approximately $51,000. Amundi increased its stake in shares of Jabil by 419.8% during the fourth quarter. Amundi now owns 421 shares of the technology company’s stock valued at $32,000 after purchasing an additional 340 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Jabil during the third quarter valued at approximately $63,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Trading Down 1.8 %

NYSE:JBL opened at $129.70 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08. Jabil Inc. has a 12 month low of $75.48 and a 12 month high of $156.94. The company has a market cap of $15.64 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40. The company has a 50 day simple moving average of $138.57 and a two-hundred day simple moving average of $131.21.

Jabil (NYSE:JBL) last posted its earnings results on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. Research analysts forecast that Jabil Inc. will post 7.83 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Wednesday, February 14th. Jabil’s dividend payout ratio is presently 2.75%.

Insider Transactions at Jabil

In other news, Director David M. Stout sold 31,300 shares of Jabil stock in a transaction on Monday, January 29th. The shares were sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the transaction, the director now owns 67,300 shares in the company, valued at approximately $8,285,976. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Gerald Creadon sold 3,000 shares of Jabil stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total transaction of $406,860.00. Following the transaction, the executive vice president now owns 65,434 shares in the company, valued at approximately $8,874,159.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David M. Stout sold 31,300 shares of Jabil stock in a transaction on Monday, January 29th. The shares were sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the transaction, the director now owns 67,300 shares in the company, valued at approximately $8,285,976. The disclosure for this sale can be found here. Insiders have sold 107,177 shares of company stock worth $13,678,039 in the last 90 days. 2.62% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JBL. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Barclays reduced their price target on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, March 18th. The Goldman Sachs Group raised their price target on shares of Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Jabil has an average rating of “Moderate Buy” and a consensus price target of $144.50.

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).