Jabil Inc. (NYSE:JBL) Holdings Lifted by Cetera Investment Advisers

Cetera Investment Advisers boosted its position in shares of Jabil Inc. (NYSE:JBL) by 218.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,501 shares of the technology company’s stock after buying an additional 25,022 shares during the quarter. Cetera Investment Advisers’ holdings in Jabil were worth $5,252,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Jabil during the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp bought a new position in Jabil during the fourth quarter valued at about $29,000. Millstone Evans Group LLC bought a new position in Jabil during the fourth quarter valued at about $37,000. First Horizon Advisors Inc. boosted its position in shares of Jabil by 90.3% in the 4th 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. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Jabil in the 4th quarter valued at $43,000. Institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Mark T. Mondello sold 20,000 shares of the firm’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the sale, the chairman now directly owns 1,730,192 shares of the company’s stock, valued at $227,624,059.52. This trade represents a 1.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.73% of the company’s stock.

Jabil Stock Up 3.3%

Shares of Jabil stock opened at $167.13 on Wednesday. The stock has a 50-day moving average price of $139.46 and a 200 day moving average price of $144.44. The company has a market cap of $17.94 billion, a P/E ratio of 16.02, a P/E/G ratio of 1.65 and a beta of 1.11. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 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 .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.68 EPS. As a group, analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.19%. The ex-dividend date is Thursday, May 15th. Jabil’s dividend payout ratio is currently 7.66%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on JBL shares. Barclays increased their price target on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. The Goldman Sachs Group decreased their price target on Jabil from $175.00 to $146.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. UBS Group increased their price target on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. decreased their price target on Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research report on Friday, April 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.50.

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).