Brighton Jones LLC Sells 327 Shares of Jabil Inc. (NYSE:JBL)

Brighton Jones LLC lowered its holdings in Jabil Inc. (NYSE:JBL) by 15.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,830 shares of the technology company’s stock after selling 327 shares during the period. Brighton Jones LLC’s holdings in Jabil were worth $263,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Capital Performance Advisors LLP purchased a new stake in Jabil during the third quarter valued at about $32,000. Brooklyn Investment Group purchased a new position in shares of Jabil during the 3rd quarter valued at about $39,000. Matrix Trust Co lifted its position in Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after buying an additional 214 shares during the last quarter. Armstrong Advisory Group Inc. lifted 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 worth $51,000 after buying an additional 228 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in Jabil by 945.7% in the third quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock worth $58,000 after buying an additional 435 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

JBL has been the subject of a number of recent research reports. Stifel Nicolaus restated a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. Barclays boosted their price target on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. UBS Group lifted their price objective on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group lifted their price target on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $153.17.

Jabil Trading Down 8.1 %

JBL opened at $159.24 on Tuesday. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. 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 business has a 50 day simple moving average of $145.10 and a two-hundred day simple moving average of $125.72. The firm has a market capitalization of $17.39 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.68 and a beta of 1.23.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.60 earnings per share. Analysts predict that Jabil Inc. will post 8.03 EPS for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s payout ratio is 3.07%.

Insider Activity at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $1,430,701.05. Following the completion of the transaction, the senior vice president now owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. The trade was a 22.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,038 shares of company stock worth $14,207,166 over the last 90 days. 1.73% of the stock is owned by company insiders.

Jabil Company 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).