Blue Trust Inc. Has $466,000 Stake in Jabil Inc. (NYSE:JBL)

Blue Trust Inc. boosted its position in Jabil Inc. (NYSE:JBL) by 26.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,237 shares of the technology company’s stock after purchasing an additional 678 shares during the quarter. Blue Trust Inc.’s holdings in Jabil were worth $466,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in JBL. Public Sector Pension Investment Board increased its position in Jabil by 58.4% during the second quarter. Public Sector Pension Investment Board now owns 4,626 shares of the technology company’s stock worth $503,000 after acquiring an additional 1,706 shares during the period. Mackenzie Financial Corp grew its position in shares of Jabil by 59.9% during the 2nd quarter. Mackenzie Financial Corp now owns 17,480 shares of the technology company’s stock worth $1,902,000 after purchasing an additional 6,549 shares in the last quarter. Creative Planning increased its holdings in shares of Jabil by 4.0% during the second quarter. Creative Planning now owns 35,010 shares of the technology company’s stock worth $3,809,000 after purchasing an additional 1,357 shares during the period. Quarry LP acquired a new stake in shares of Jabil in the second quarter valued at approximately $70,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Jabil in the second quarter valued at approximately $5,385,000. Institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on JBL shares. Barclays lifted their price objective on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. The Goldman Sachs Group upped their price objective on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a report on Wednesday. UBS Group upped their price target on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, Stifel Nicolaus restated a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $153.17.

Jabil Price Performance

Shares of NYSE:JBL opened at $162.36 on Friday. 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 company has a market cap of $17.73 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.60 and a beta of 1.23. The firm has a 50 day simple moving average of $147.70 and a 200 day simple moving average of $126.87.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.60 EPS. Research analysts predict that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

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

Insider Buying and Selling at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was 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 of the company’s stock, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the transaction, the director now directly owns 119,108 shares in the company, valued at approximately $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,000 shares of company stock worth $12,252,740. 1.73% of the stock is currently 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).