Jabil Inc. (NYSE:JBL) Position Increased by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its holdings in Jabil Inc. (NYSE:JBL) by 6.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,383 shares of the technology company’s stock after buying an additional 1,183 shares during the quarter. Ritholtz Wealth Management’s holdings in Jabil were worth $2,469,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Cetera Advisor Networks LLC boosted its stake in Jabil by 4.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 3,989 shares of the technology company’s stock valued at $246,000 after purchasing an additional 180 shares during the period. Private Advisor Group LLC acquired a new position in Jabil during the 1st quarter worth $399,000. Great West Life Assurance Co. Can grew its stake in shares of Jabil by 10.5% in the first quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company’s stock worth $5,312,000 after purchasing an additional 7,933 shares in the last quarter. Sei Investments Co. raised its stake in shares of Jabil by 58.6% during the first quarter. Sei Investments Co. now owns 382,918 shares of the technology company’s stock valued at $23,633,000 after purchasing an additional 141,511 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in Jabil by 656.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 21,700 shares of the technology company’s stock valued at $1,340,000 after buying an additional 18,832 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Jabil from $150.00 to $146.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 29th. Barclays dropped their target price on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research report on Monday, March 18th. The Goldman Sachs Group raised their price objective on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Stifel Nicolaus raised their target price on Jabil from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Finally, Argus lowered Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.50.

Jabil Stock Down 1.5 %

Jabil stock traded down $1.99 during mid-day trading on Thursday, hitting $133.95. 1,010,273 shares of the company’s stock were exchanged, compared to its average volume of 1,401,888. Jabil Inc. has a 1-year low of $75.48 and a 1-year high of $156.94. The stock has a 50 day moving average of $135.95 and a two-hundred day moving average of $128.48. The stock has a market cap of $17.09 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.42 and a beta of 1.41. The company has a current ratio of 1.12, a quick ratio of 0.73 and a debt-to-equity ratio of 1.13.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Thursday, February 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Wednesday, February 14th. Jabil’s dividend payout ratio is 2.75%.

Insider Transactions at Jabil

In other Jabil news, SVP Roberto Ferri sold 6,183 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $129.97, for a total value of $803,604.51. Following the sale, the senior vice president now owns 37,512 shares of the company’s stock, valued at approximately $4,875,434.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Mark T. Mondello sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total value of $6,304,500.00. Following the completion of the transaction, the chairman now directly owns 1,809,194 shares in the company, valued at $228,121,271.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Roberto Ferri sold 6,183 shares of the stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $129.97, for a total transaction of $803,604.51. Following the completion of the transaction, the senior vice president now owns 37,512 shares of the company’s stock, valued at approximately $4,875,434.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 105,658 shares of company stock worth $13,316,271. Company insiders own 2.62% 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).