5,239 Shares in Jabil Inc. (NYSE:JBL) Bought by Guidance Capital Inc.

Guidance Capital Inc. bought a new stake in shares of Jabil Inc. (NYSE:JBL) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 5,239 shares of the technology company’s stock, valued at approximately $754,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in JBL. Czech National Bank lifted its holdings in Jabil by 0.6% in the 3rd quarter. Czech National Bank now owns 23,109 shares of the technology company’s stock worth $2,769,000 after purchasing an additional 128 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Jabil by 8.3% in the third quarter. Park Avenue Securities LLC now owns 2,459 shares of the technology company’s stock worth $295,000 after buying an additional 188 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Jabil by 24.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 32,448 shares of the technology company’s stock worth $3,888,000 after buying an additional 6,300 shares during the period. GAMMA Investing LLC grew its stake in Jabil by 105.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,634 shares of the technology company’s stock valued at $196,000 after buying an additional 837 shares during the last quarter. Finally, Insight Wealth Strategies LLC raised its holdings in Jabil by 4.6% in the 3rd quarter. Insight Wealth Strategies LLC now owns 18,301 shares of the technology company’s stock worth $2,193,000 after acquiring an additional 803 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Trading Up 1.5 %

Shares of Jabil stock opened at $161.87 on Wednesday. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The firm has a market capitalization of $17.67 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.61 and a beta of 1.23. 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 fifty day moving average price is $148.79 and its two-hundred day moving average price is $127.71.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.60 earnings per share. On average, analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.20%. The ex-dividend date is Tuesday, February 18th. Jabil’s dividend payout ratio is 3.07%.

Analyst Ratings Changes

JBL has been the topic of several research analyst reports. The Goldman Sachs Group raised their price target on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. UBS Group upped their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Barclays raised their price objective 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, StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $153.17.

Insider Buying and Selling at Jabil

In other news, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the transaction, the director now directly owns 12,900 shares of the company’s stock, valued at $2,093,283. The trade was a 20.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the sale, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock worth $12,804,458 over the last three months. Company insiders own 1.73% of the company’s stock.

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).