RFG Advisory LLC Invests $216,000 in Jabil Inc. (NYSE:JBL)

RFG Advisory LLC purchased a new stake in Jabil Inc. (NYSE:JBL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,500 shares of the technology company’s stock, valued at approximately $216,000.

A number of other hedge funds have also recently bought and sold shares of JBL. Lifestyle Asset Management Inc. boosted its stake in shares of Jabil by 1.0% during the 4th quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company’s stock valued at $1,384,000 after buying an additional 95 shares during the last quarter. Whalen Wealth Management Inc. acquired a new position in Jabil during the 4th quarter worth $263,000. Avior Wealth Management LLC increased its position in shares of Jabil by 1,635.8% in the 4th quarter. Avior Wealth Management LLC now owns 1,840 shares of the technology company’s stock worth $265,000 after purchasing an additional 1,734 shares during the last quarter. Advisory Alpha LLC raised its stake in shares of Jabil by 33.3% in the 4th quarter. Advisory Alpha LLC now owns 2,903 shares of the technology company’s stock valued at $418,000 after purchasing an additional 725 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Jabil by 15.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 36,776 shares of the technology company’s stock worth $5,292,000 after purchasing an additional 4,978 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the topic of several research reports. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays boosted their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. UBS Group lifted their target price on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group boosted their price objective on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.17.

Insider Activity

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John C. Plant sold 50,000 shares of the business’s stock in a transaction that occurred 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 owns 5,900 shares in the company, valued at $1,018,045. This represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,038 shares of company stock worth $14,207,166. Insiders own 1.73% of the company’s stock.

Jabil Trading Up 1.1 %

Shares of Jabil stock opened at $161.32 on Wednesday. The business has a fifty day simple moving average of $145.77 and a 200-day simple moving average of $126.05. The firm has a market cap of $17.61 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 1.68 and a beta of 1.23. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

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

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.20%. Jabil’s dividend 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).