Guggenheim Capital LLC Raises Stock Holdings in Jabil Inc. (NYSE:JBL)

Guggenheim Capital LLC lifted its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 45.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,716 shares of the technology company's stock after purchasing an additional 6,432 shares during the period. Guggenheim Capital LLC's holdings in Jabil were worth $2,981,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Jabil in the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $29,000. Millstone Evans Group LLC bought a new stake in shares of Jabil in the fourth quarter valued at approximately $37,000. First Horizon Advisors Inc. grew its position in Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock worth $39,000 after buying an additional 130 shares in the last quarter. Finally, GHP Investment Advisors Inc. bought a new position in Jabil during the 4th quarter worth $43,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JBL has been the topic of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. StockNews.com lowered shares of Jabil from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Barclays boosted their price objective on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. reduced their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, UBS Group boosted their price target on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $158.50.

Jabil Stock Up 5.5 %

JBL traded up $7.62 during midday trading on Thursday, reaching $146.11. 905,128 shares of the company were exchanged, compared to its average volume of 1,473,310. Jabil Inc. has a one year low of $95.85 and a one 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's fifty day moving average price is $140.84 and its 200 day moving average price is $141.67. The company has a market cap of $15.68 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.11. The business had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 EPS. As a group, analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date is Thursday, May 15th. Jabil's dividend payout ratio is currently 7.66%.

Insider Buying and Selling at Jabil

In other news, Director John C. Plant sold 50,000 shares of the firm's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the transaction, the director now directly owns 5,900 shares of the company's stock, valued at $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction on Friday, April 11th. The shares were sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the transaction, the chairman now owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. This trade represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,400 shares of company stock valued at $11,810,418 over the last three months. 1.73% of the stock is currently owned by 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).