EverSource Wealth Advisors LLC Boosts Stake in Jabil Inc. (NYSE:JBL)

EverSource Wealth Advisors LLC raised its position in Jabil Inc. (NYSE:JBL) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,618 shares of the technology company’s stock after buying an additional 138 shares during the period. EverSource Wealth Advisors LLC’s holdings in Jabil were worth $1,096,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBL. Van ECK Associates Corp boosted its position in Jabil by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock valued at $195,000 after buying an additional 90 shares during the last quarter. Sigma Planning Corp boosted its position in Jabil by 16.7% in the 3rd quarter. Sigma Planning Corp now owns 2,698 shares of the technology company’s stock valued at $323,000 after buying an additional 387 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Jabil by 260.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 902 shares of the technology company’s stock valued at $108,000 after buying an additional 652 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of Jabil by 4.2% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 4,798 shares of the technology company’s stock valued at $575,000 after purchasing an additional 193 shares in the last quarter. Finally, Aptus Capital Advisors LLC acquired a new stake in shares of Jabil in the 3rd quarter valued at about $211,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. UBS Group increased their price objective on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Barclays upped their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Stifel Nicolaus restated a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group upped their target price on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Jabil has a consensus rating of “Moderate Buy” and a consensus target price of $158.83.

Jabil Trading Down 2.7 %

Shares of NYSE:JBL opened at $130.45 on Friday. The stock has a market capitalization of $14.24 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.65 and a beta of 1.19. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The company has a 50 day moving average price of $157.79 and a 200 day moving average price of $136.65.

Jabil (NYSE:JBL) last issued its 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 firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period last year, the firm posted $2.60 earnings per share. On average, research analysts anticipate that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.08 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. Jabil’s payout ratio is 3.07%.

Insiders Place Their Bets

In other news, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 5,900 shares in the company, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the transaction, the director now owns 12,900 shares in the company, valued at $2,093,283. This represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 in the last quarter. 1.73% of the stock is currently owned by corporate insiders.

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).