260 Shares in Jabil Inc. (NYSE:JBL) Bought by Millstone Evans Group LLC

Millstone Evans Group LLC purchased a new stake in shares of Jabil Inc. (NYSE:JBL) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 260 shares of the technology company’s stock, valued at approximately $37,000.

A number of other hedge funds have also modified their holdings of JBL. TD Private Client Wealth LLC increased its holdings in Jabil by 52.9% in the 4th quarter. TD Private Client Wealth LLC now owns 474 shares of the technology company’s stock worth $68,000 after buying an additional 164 shares during the period. iA Global Asset Management Inc. boosted its holdings in shares of Jabil by 1,293.5% in the 4th quarter. iA Global Asset Management Inc. now owns 40,120 shares of the technology company’s stock valued at $5,773,000 after acquiring an additional 37,241 shares during the last quarter. Magnetar Financial LLC increased its stake in shares of Jabil by 120.4% in the fourth quarter. Magnetar Financial LLC now owns 5,979 shares of the technology company’s stock worth $860,000 after acquiring an additional 3,266 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of Jabil by 55.7% during the fourth quarter. Teacher Retirement System of Texas now owns 278,651 shares of the technology company’s stock worth $40,098,000 after purchasing an additional 99,642 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Jabil during the fourth quarter valued at $652,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JBL has been the subject of a number of recent research reports. UBS Group lifted their price objective on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a research report on Friday. Barclays upped their price objective on Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. increased their price target on shares of Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Jabil has an average rating of “Moderate Buy” and a consensus target price of $167.50.

Insiders Place Their Bets

In related news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction 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 sale, the director now owns 119,108 shares in the company, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the transaction, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock valued at $12,804,458 in the last 90 days. 1.73% of the stock is owned by insiders.

Jabil Trading Up 3.2 %

Shares of JBL stock opened at $149.89 on Tuesday. The stock has a 50 day simple moving average of $155.89 and a 200-day simple moving average of $138.73. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The company has a market cap of $16.36 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 1.65 and a beta of 1.19. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company’s revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $1.68 earnings per share. On average, equities research analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued 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 0.21%. Jabil’s payout ratio is currently 7.66%.

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).