Jabil Inc. (NYSE:JBL) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors raised its stake in shares of Jabil Inc. (NYSE:JBL) by 53.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,204 shares of the technology company’s stock after buying an additional 2,858 shares during the quarter. Captrust Financial Advisors’ holdings in Jabil were worth $1,181,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Jabil during the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Jabil during the fourth quarter worth $29,000. Millstone Evans Group LLC acquired a new stake in shares of Jabil during the fourth quarter worth $37,000. First Horizon Advisors Inc. boosted its holdings in shares of Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after purchasing an additional 130 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Jabil during the fourth quarter worth $43,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Trading Down 0.1%

Shares of JBL stock opened at $166.79 on Thursday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The stock has a fifty day moving average of $140.00 and a two-hundred day moving average of $144.59. The firm has a market capitalization of $17.90 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.68 earnings per share. As a group, research analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Thursday, May 15th. Jabil’s dividend payout ratio (DPR) is presently 7.66%.

Insider Transactions at Jabil

In related news, Chairman Mark T. Mondello sold 20,000 shares of the company’s stock in a transaction on 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 transaction, the chairman now directly owns 1,730,192 shares of the company’s stock, valued at approximately $227,624,059.52. The trade was a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.73% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on JBL shares. The Goldman Sachs Group reduced their target price on Jabil from $175.00 to $146.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. UBS Group lifted their target price on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Barclays lifted their target price on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, March 21st. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a report on Friday, April 18th. Finally, JPMorgan Chase & Co. reduced their price objective on Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.50.

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).