Advisory Alpha LLC Raises Holdings in Jabil Inc. (NYSE:JBL)

Advisory Alpha LLC increased its holdings in Jabil Inc. (NYSE:JBL) by 33.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,903 shares of the technology company’s stock after purchasing an additional 725 shares during the period. Advisory Alpha LLC’s holdings in Jabil were worth $418,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Jabil during the third quarter worth $32,000. Brooklyn Investment Group bought a new position in shares of Jabil during the 3rd quarter worth $39,000. Matrix Trust Co increased its position in Jabil by 135.4% during the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after purchasing an additional 214 shares during the period. Armstrong Advisory Group Inc. raised its stake in Jabil by 114.0% in the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after buying an additional 228 shares in the last quarter. Finally, Sound Income Strategies LLC grew its stake in Jabil by 945.7% in the third quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock valued at $58,000 after purchasing an additional 435 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

Insider Activity at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. The trade was a 2.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the sale, the director now owns 119,108 shares of the company’s stock, valued at $18,021,040.40. This represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,038 shares of company stock valued at $5,579,666. 1.73% of the stock is owned by company insiders.

Jabil Trading Up 0.9 %

JBL opened at $169.04 on Thursday. 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’s 50 day simple moving average is $142.73 and its two-hundred day simple moving average is $124.45. The firm has a market capitalization of $18.46 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 1.71 and a beta of 1.23. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $170.80.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping 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 company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same quarter in the previous year, the company posted $2.60 earnings per share. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. Analysts expect that Jabil Inc. will post 8.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

JBL has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their price target on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Bank of America increased their price objective on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. UBS Group boosted their price target on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Barclays increased their target price 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. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $153.17.

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).