Access Investment Management LLC Acquires 195 Shares of Jabil Inc. (NYSE:JBL)

Access Investment Management LLC boosted its holdings in shares of Jabil Inc. (NYSE:JBL) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,555 shares of the technology company’s stock after buying an additional 195 shares during the quarter. Jabil accounts for 5.9% of Access Investment Management LLC’s investment portfolio, making the stock its 3rd largest position. Access Investment Management LLC owned approximately 0.13% of Jabil worth $20,370,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in JBL. Capital Performance Advisors LLP acquired a new stake in shares of Jabil in the 3rd quarter valued at $32,000. First Horizon Advisors Inc. raised its holdings in shares of Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after purchasing an additional 130 shares in the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Jabil in the 4th quarter valued at $43,000. Brooklyn Investment Group acquired a new stake in shares of Jabil in the 3rd quarter valued at $39,000. Finally, Cromwell Holdings LLC raised its holdings in shares of Jabil by 412.7% in the 4th quarter. Cromwell Holdings LLC now owns 364 shares of the technology company’s stock valued at $52,000 after purchasing an additional 293 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 completion of the sale, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares of the company’s stock, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,400 shares of company stock valued at $12,804,458. Insiders own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JBL. The Goldman Sachs Group raised their price objective on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Barclays raised their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. UBS Group raised their price objective on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $153.17.

Jabil Trading Down 2.2 %

Shares of Jabil stock opened at $162.54 on Friday. Jabil Inc. has a 1 year low of $95.85 and a 1 year 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. The company has a market capitalization of $17.75 billion, a P/E ratio of 15.58, a PEG ratio of 1.65 and a beta of 1.23. The company’s fifty day moving average is $157.22 and its two-hundred day moving average is $132.95.

Jabil (NYSE:JBL) last issued its quarterly earnings data 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. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same period last year, the firm posted $2.60 EPS. Jabil’s revenue for the quarter was down 16.6% on a year-over-year basis. Analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s payout ratio is currently 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).