Harvest Fund Management Co. Ltd Takes Position in Jabil Inc. (NYSE:JBL)

Harvest Fund Management Co. Ltd purchased a new stake in Jabil Inc. (NYSE:JBL) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 4,530 shares of the technology company’s stock, valued at approximately $652,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bleakley Financial Group LLC increased its holdings in shares of Jabil by 2.2% in the 4th quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock valued at $471,000 after acquiring an additional 70 shares during the period. Greenleaf Trust increased its holdings in shares of Jabil by 1.3% in the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock valued at $816,000 after acquiring an additional 72 shares during the period. Resonant Capital Advisors LLC increased its holdings in shares of Jabil by 3.3% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock valued at $365,000 after acquiring an additional 80 shares during the period. Lifestyle Asset Management Inc. increased its holdings in shares of Jabil by 1.0% in the 4th 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 period. Finally, Savant Capital LLC increased its holdings in shares of Jabil by 1.9% in the 4th quarter. Savant Capital LLC now owns 5,332 shares of the technology company’s stock valued at $767,000 after acquiring an additional 99 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Stock Performance

Shares of JBL opened at $143.69 on Friday. The stock has a 50-day moving average of $156.14 and a two-hundred day moving average of $137.66. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The stock has a market cap of $15.69 billion, a P/E ratio of 13.78, a P/E/G ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. The company had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 EPS. As a group, research analysts predict that Jabil Inc. will post 8.05 EPS for the current 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 issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.22%. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Insider Activity

In other news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction dated 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 owns 119,108 shares of the company’s stock, valued at $18,021,040.40. The trade was a 14.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock valued at $12,804,458 in the last quarter. 1.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JBL. The Goldman Sachs Group boosted their target price on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Stifel Nicolaus restated a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays boosted their target price on 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 target price on 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 downgraded Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.83.

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).