Kathmere Capital Management LLC Grows Stock Position in Jabil Inc. (NYSE:JBL)

Kathmere Capital Management LLC boosted its position in Jabil Inc. (NYSE:JBL) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,393 shares of the technology company’s stock after buying an additional 221 shares during the period. Kathmere Capital Management LLC’s holdings in Jabil were worth $488,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in JBL. Davis Investment Partners LLC acquired a new position in Jabil during the 4th quarter worth approximately $1,433,000. Nicola Wealth Management LTD. increased its holdings in Jabil by 54.9% in the third quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock valued at $4,733,000 after buying an additional 14,000 shares in the last quarter. Foster & Motley Inc. lifted its position in shares of Jabil by 8.7% during the 3rd quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock valued at $6,252,000 after acquiring an additional 4,181 shares during the period. Empowered Funds LLC grew its holdings in shares of Jabil by 11.8% in the 3rd quarter. Empowered Funds LLC now owns 145,682 shares of the technology company’s stock worth $17,457,000 after acquiring an additional 15,413 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Jabil by 58.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 192,815 shares of the technology company’s stock valued at $23,105,000 after purchasing an additional 71,292 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Monday. Bank of America lifted their target price on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. UBS Group increased their target price on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Jabil presently has an average rating of “Moderate Buy” and a consensus price target of $153.17.

Jabil Stock Performance

JBL opened at $158.25 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market cap of $17.68 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 1.58 and a beta of 1.23. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $159.60. The business has a 50 day moving average of $139.30 and a 200-day moving average of $122.25.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.88 by $0.12. The firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The company’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.60 earnings per share. On average, equities research analysts expect that Jabil Inc. will post 7.89 earnings per share for the current year.

Insider Activity

In other Jabil news, EVP Matthew Crowley sold 1,380 shares of Jabil stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the completion of the sale, the executive vice president now owns 18,568 shares in the company, valued at $2,336,411.44. The trade was a 6.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction that occurred on 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 transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,689 shares of company stock valued at $8,527,871. 1.73% of the stock is owned by 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).