HighTower Advisors LLC Buys 6,411 Shares of Jabil Inc. (NYSE:JBL)

HighTower Advisors LLC increased its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,954 shares of the technology company's stock after purchasing an additional 6,411 shares during the period. HighTower Advisors LLC's holdings in Jabil were worth $6,757,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bleakley Financial Group LLC grew its stake in Jabil by 2.2% in the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock valued at $471,000 after acquiring an additional 70 shares during the period. Greenleaf Trust grew its stake in Jabil by 1.3% in the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock valued at $816,000 after acquiring an additional 72 shares during the period. Resonant Capital Advisors LLC grew its stake in Jabil by 3.3% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company's stock valued at $365,000 after acquiring an additional 80 shares during the period. Lifestyle Asset Management Inc. grew its stake in Jabil by 1.0% in the fourth quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company's stock valued at $1,384,000 after acquiring an additional 95 shares during the period. Finally, Savant Capital LLC grew its stake in Jabil by 1.9% in the fourth quarter. Savant Capital LLC now owns 5,332 shares of the technology company's stock valued at $767,000 after acquiring an additional 99 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research analysts have issued reports on the company. The Goldman Sachs Group boosted their target price on Jabil from $160.00 to $179.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Barclays boosted their target price on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a report on Friday. StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a report on Friday. Finally, UBS Group boosted their price target on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $167.50.

Jabil Stock Up 0.8 %

JBL traded up $1.19 on Friday, hitting $145.02. 3,299,699 shares of the company were exchanged, compared to its average volume of 1,390,754. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The company has a market cap of $15.83 billion, a PE ratio of 13.90, a PEG ratio of 1.65 and a beta of 1.19. 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 stock's fifty day moving average is $155.96 and its 200-day moving average is $137.91.

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

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.22%. Jabil's dividend payout ratio is 3.07%.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the sale, the executive vice president now owns 138,472 shares in the company, valued at $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Plant sold 50,000 shares of the company's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the sale, the director now owns 5,900 shares in the company, valued at $1,018,045. This represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock worth $12,804,458 over the last 90 days. Company insiders own 1.73% 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).