NorthRock Partners LLC Buys Shares of 2,118 Jabil Inc. (NYSE:JBL)

NorthRock Partners LLC bought a new stake in Jabil Inc. (NYSE:JBL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,118 shares of the technology company’s stock, valued at approximately $305,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp boosted its position in Jabil by 264.7% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 16,127 shares of the technology company’s stock valued at $2,321,000 after buying an additional 11,705 shares in the last quarter. Minot DeBlois Advisors LLC acquired a new stake in Jabil in the fourth quarter valued at approximately $108,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Jabil by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,718 shares of the technology company’s stock valued at $1,542,000 after acquiring an additional 425 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new position in shares of Jabil during the fourth quarter valued at $3,179,000. Finally, Laird Norton Wetherby Wealth Management LLC bought a new position in shares of Jabil during the fourth quarter valued at $211,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Buying and Selling

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction on Friday, April 11th. The shares were sold at an average price of $131.56, for a total value 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 approximately $227,624,059.52. The trade was a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Dastoor sold 10,000 shares of Jabil stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the completion of the sale, the chief executive officer now directly owns 221,693 shares of the company’s stock, valued at approximately $37,665,640.70. This trade represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is owned by insiders.

Jabil Price Performance

Shares of NYSE JBL opened at $167.88 on Friday. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The firm has a fifty day simple moving average of $141.38 and a 200 day simple moving average of $145.32. The company has a market capitalization of $18.02 billion, a PE ratio of 16.10, a P/E/G ratio of 1.65 and a beta of 1.11. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

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

Jabil Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Friday, April 18th. UBS Group raised their price target on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. The Goldman Sachs Group dropped their price target on shares of Jabil from $175.00 to $146.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, Barclays raised their price target on shares of Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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).