Advisory Alpha LLC Purchases 725 Shares of Jabil Inc. (NYSE:JBL)

Advisory Alpha LLC lifted its position in shares of Jabil Inc. (NYSE:JBL) by 33.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,903 shares of the technology company’s stock after purchasing an additional 725 shares during the quarter. Advisory Alpha LLC’s holdings in Jabil were worth $418,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Van ECK Associates Corp grew its holdings in shares of Jabil by 6.0% during the third quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock worth $195,000 after purchasing an additional 90 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Jabil by 2.9% in the third quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock valued at $387,000 after purchasing an additional 91 shares in the last quarter. Gateway Investment Advisers LLC boosted its holdings in Jabil by 3.5% during the third quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company’s stock worth $376,000 after purchasing an additional 105 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Jabil by 30.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock valued at $67,000 after purchasing an additional 109 shares during the period. Finally, Richard P Slaughter Associates Inc grew its position in shares of Jabil by 0.7% during the 3rd quarter. Richard P Slaughter Associates Inc now owns 17,624 shares of the technology company’s stock valued at $2,112,000 after acquiring an additional 120 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JBL. Stifel Nicolaus reissued a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday. The Goldman Sachs Group boosted their target price on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Barclays raised their price objective on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Finally, Bank of America raised their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Jabil has an average rating of “Moderate Buy” and a consensus target price of $153.17.

Jabil Price Performance

JBL stock opened at $169.04 on Thursday. The company has a market cap of $18.46 billion, a P/E ratio of 16.21, a PEG ratio of 1.71 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 firm has a 50-day moving average of $142.73 and a 200 day moving average of $124.45. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $170.80.

Jabil (NYSE:JBL) last announced 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 net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter in the prior year, the company earned $2.60 earnings per share. The business’s revenue was down 16.6% compared to the same quarter last year. On average, sell-side analysts forecast that Jabil Inc. will post 8.03 EPS for the current year.

Insider Transactions at Jabil

In other Jabil news, SVP Francis Mckay sold 11,755 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the transaction, the senior vice president now owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. This represents a 22.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the sale, the executive vice president now owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,038 shares of company stock worth $5,579,666. Corporate 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).