Lifeworks Advisors LLC Boosts Stock Position in Jabil Inc. (NYSE:JBL)

Lifeworks Advisors LLC raised its stake in shares of Jabil Inc. (NYSE:JBL) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,835 shares of the technology company’s stock after buying an additional 2,238 shares during the quarter. Lifeworks Advisors LLC’s holdings in Jabil were worth $2,566,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in JBL. Farther Finance Advisors LLC boosted its stake in Jabil by 31.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,081 shares of the technology company’s stock worth $130,000 after purchasing an additional 258 shares in the last quarter. Van ECK Associates Corp raised its holdings in Jabil by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock worth $195,000 after acquiring an additional 90 shares during the last quarter. National Pension Service bought a new position in Jabil in the 3rd quarter valued at approximately $2,794,000. Asset Management One Co. Ltd. boosted its stake in Jabil by 21.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 56,008 shares of the technology company’s stock valued at $6,711,000 after purchasing an additional 10,026 shares during the last quarter. Finally, QRG Capital Management Inc. increased its holdings in shares of Jabil by 12.8% in the 3rd quarter. QRG Capital Management Inc. now owns 5,978 shares of the technology company’s stock worth $716,000 after purchasing an additional 680 shares in the last quarter. 93.39% of the stock is owned by institutional investors.

Insider Activity

In other news, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the sale, the director now directly owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock valued at $12,804,458 in the last ninety days. Corporate insiders own 1.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JBL. Barclays upped their price target on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. UBS Group upped their target price on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group raised their target price on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.83.

Jabil Price Performance

Shares of NYSE:JBL opened at $139.74 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $15.26 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. The firm’s 50 day moving average price is $158.55 and its 200-day moving average price is $135.69. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share 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 analysts’ expectations of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company’s revenue was down 16.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.60 EPS. Equities research analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. Jabil’s payout ratio is currently 3.07%.

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).