Matrix Trust Co Has $209,000 Stock Position in Jabil Inc. (NYSE:JBL)

Matrix Trust Co grew its stake in shares of Jabil Inc. (NYSE:JBL) by 290.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,453 shares of the technology company’s stock after purchasing an additional 1,081 shares during the quarter. Matrix Trust Co’s holdings in Jabil were worth $209,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new position in shares of Jabil during the 3rd quarter worth approximately $32,000. Brooklyn Investment Group acquired a new position in shares of Jabil during the 3rd quarter worth approximately $39,000. Armstrong Advisory Group Inc. increased its holdings in shares of Jabil by 114.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after acquiring an additional 228 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Jabil by 945.7% during the 3rd quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock worth $58,000 after acquiring an additional 435 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new position in shares of Jabil during the 3rd quarter worth approximately $70,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on JBL. UBS Group boosted their target price on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Barclays upped 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. StockNews.com lowered Jabil from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 19th. The Goldman Sachs Group upped their price objective on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Stifel Nicolaus reaffirmed 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $153.17.

Jabil Stock Performance

NYSE:JBL opened at $154.13 on Monday. The stock has a fifty day moving average price of $138.23 and a 200-day moving average price of $121.60. The company has a market cap of $17.22 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.58 and a beta of 1.23. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $156.94.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The firm 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 42.64% and a net margin of 4.81%. The company’s revenue was down 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.60 EPS. As a group, equities analysts anticipate that Jabil Inc. will post 7.89 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were given a dividend of $0.08 per share. The ex-dividend date was Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. Jabil’s dividend payout ratio is currently 3.07%.

Insider Buying and Selling

In other Jabil news, EVP Matthew Crowley sold 1,380 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the transaction, the executive vice president now directly owns 18,568 shares in the company, valued at approximately $2,336,411.44. This trade represents a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the 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 owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,689 shares of company stock worth $5,501,871 in the last ninety days. 1.73% of the stock is owned by insiders.

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).