EP Wealth Advisors LLC Acquires Shares of 11,598 Jabil Inc. (NYSE:JBL)

EP Wealth Advisors LLC acquired a new position in shares of Jabil Inc. (NYSE:JBL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,598 shares of the technology company's stock, valued at approximately $1,390,000.

A number of other institutional investors and hedge funds have also bought and sold shares of JBL. Kovitz Investment Group Partners LLC grew its holdings in shares of Jabil by 9.1% during the third quarter. Kovitz Investment Group Partners LLC now owns 32,994 shares of the technology company's stock worth $3,898,000 after purchasing an additional 2,757 shares during the last quarter. Worldquant Millennium Advisors LLC increased its position in Jabil by 29.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 574,938 shares of the technology company's stock valued at $68,895,000 after acquiring an additional 129,400 shares during the period. Two Sigma Advisers LP raised its stake in shares of Jabil by 406.5% during the third quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company's stock valued at $86,613,000 after acquiring an additional 580,100 shares during the last quarter. Stevens Capital Management LP lifted its holdings in shares of Jabil by 21.2% during the third quarter. Stevens Capital Management LP now owns 3,962 shares of the technology company's stock worth $475,000 after purchasing an additional 694 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of Jabil in the third quarter worth $1,960,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Wall Street Analysts Forecast Growth

JBL has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their target price on Jabil from $137.00 to $133.00 and set an "overweight" rating for the company in a research report on Tuesday, September 3rd. StockNews.com upgraded Jabil from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, November 27th. Barclays upped their target price on Jabil from $135.00 to $157.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Bank of America raised their price target on shares of Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Finally, Stifel Nicolaus upped their price objective on shares of Jabil from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $145.17.

Jabil Trading Down 1.1 %

Shares of Jabil stock traded down $1.51 on Tuesday, reaching $132.76. 888,828 shares of the company's stock were exchanged, compared to its average volume of 1,421,722. The firm's 50-day moving average is $128.40 and its two-hundred day moving average is $117.14. The company has a market capitalization of $14.98 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. 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 52 week low of $95.85 and a 52 week high of $156.94.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm's revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.34 EPS. Sell-side analysts predict that Jabil Inc. will post 7.89 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. Jabil's dividend payout ratio (DPR) is presently 2.90%.

Insiders Place Their Bets

In other news, SVP Francis Mckay sold 11,755 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the sale, the senior vice president now directly owns 41,507 shares of the company's stock, valued at $5,051,816.97. This represents a 22.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total value of $2,494,000.00. Following the completion of the transaction, the director now owns 139,108 shares in the company, valued at $17,346,767.60. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,689 shares of company stock worth $5,377,431. Insiders own 2.62% of the company's stock.

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).