Lightrock Netherlands B.V. Invests $13.52 Million in Jabil Inc. (NYSE:JBL)

Lightrock Netherlands B.V. purchased a new stake in shares of Jabil Inc. (NYSE:JBL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 93,499 shares of the technology company’s stock, valued at approximately $13,521,000. Jabil comprises about 4.7% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 3rd largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBL. Capital Performance Advisors LLP acquired a new stake in shares of Jabil during the third quarter worth approximately $32,000. Brooklyn Investment Group acquired a new stake in Jabil during the 3rd quarter valued at $39,000. GHP Investment Advisors Inc. bought a new position in Jabil in the 4th quarter valued at $43,000. Armstrong Advisory Group Inc. raised its position in Jabil by 114.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock valued at $51,000 after purchasing an additional 228 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of Jabil by 945.7% during the third quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock worth $58,000 after purchasing an additional 435 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JBL has been the subject of a number of research analyst reports. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. UBS Group boosted their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. The Goldman Sachs Group increased their price target on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Barclays upped their price objective on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $153.17.

Insider Buying and Selling

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John C. Plant sold 50,000 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the sale, the director now owns 5,900 shares of the company’s stock, valued at $1,018,045. This trade represents a 89.45 % 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 valued at $12,804,458 in the last 90 days. 1.73% of the stock is owned by insiders.

Jabil Price Performance

Shares of JBL stock opened at $166.58 on Tuesday. The firm’s 50 day moving average price is $151.25 and its two-hundred day moving average price is $129.22. The stock has a market cap of $18.19 billion, a PE ratio of 15.97, a PEG ratio of 1.64 and a beta of 1.23. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. 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 (NYSE:JBL) last posted its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.12. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm’s revenue was down 16.6% on a year-over-year basis. During the same period last year, the company earned $2.60 EPS. As a group, analysts forecast that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. Jabil’s dividend payout ratio is 3.07%.

Jabil 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).