Lifestyle Asset Management Inc. Purchases 95 Shares of Jabil Inc. (NYSE:JBL)

Lifestyle Asset Management Inc. grew its position in shares of Jabil Inc. (NYSE:JBL) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,618 shares of the technology company’s stock after purchasing an additional 95 shares during the quarter. Jabil comprises approximately 0.8% of Lifestyle Asset Management Inc.’s investment portfolio, making the stock its 22nd largest position. Lifestyle Asset Management Inc.’s holdings in Jabil were worth $1,384,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Jabil in the 3rd quarter valued at $32,000. Brooklyn Investment Group bought a new stake in shares of Jabil in the 3rd quarter valued at $39,000. Matrix Trust Co increased its stake in shares of Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after acquiring an additional 214 shares in the last quarter. Armstrong Advisory Group Inc. increased its stake in shares of Jabil by 114.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock valued at $51,000 after acquiring an additional 228 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Jabil by 30.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock valued at $67,000 after purchasing an additional 109 shares during the period. Institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling

In related news, SVP Francis Mckay sold 11,755 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $121.71, for a total value of $1,430,701.05. Following the transaction, the senior vice president now directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the transaction, the director now directly owns 119,108 shares in the company, valued at $18,021,040.40. This trade 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 have sold 40,038 shares of company stock valued at $5,579,666. 1.73% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Barclays lifted their price target 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. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday. Bank of America lifted their price target on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, UBS Group lifted their price objective on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $153.17.

Jabil Price Performance

JBL opened at $171.37 on Friday. 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 capitalization of $18.71 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.76 and a beta of 1.23. The firm’s fifty day moving average price is $143.58 and its two-hundred day moving average price is $124.78. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $171.55.

Jabil (NYSE:JBL) last issued its quarterly earnings results 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 company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.60 EPS. As a group, analysts anticipate that Jabil Inc. will post 8.03 earnings per share for the current fiscal year.

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).