Cerity Partners LLC Buys 4,168 Shares of Jabil Inc. (NYSE:JBL)

Cerity Partners LLC increased its position in Jabil Inc. (NYSE:JBL - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,407 shares of the technology company's stock after buying an additional 4,168 shares during the period. Cerity Partners LLC owned about 0.07% of Jabil worth $10,706,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bleakley Financial Group LLC grew its stake in shares of Jabil by 2.2% during the 4th quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock valued at $471,000 after buying an additional 70 shares during the period. Greenleaf Trust increased its stake in Jabil by 1.3% during the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock worth $816,000 after buying an additional 72 shares during the period. Resonant Capital Advisors LLC lifted its stake in shares of Jabil by 3.3% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company's stock worth $365,000 after acquiring an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. raised its position in shares of Jabil by 1.0% in the 4th quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company's stock valued at $1,384,000 after purchasing an additional 95 shares in the last quarter. Finally, Savant Capital LLC boosted its stake in Jabil by 1.9% during the 4th 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 last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently issued reports on JBL. The Goldman Sachs Group dropped their price target on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Stifel Nicolaus reaffirmed a "buy" rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. JPMorgan Chase & Co. upped their price target on shares of Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Barclays boosted their price objective on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Finally, UBS Group lifted their target price on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $162.00.

Jabil Trading Up 1.1 %

Shares of JBL stock traded up $1.52 during trading hours on Tuesday, reaching $135.38. 527,487 shares of the stock traded hands, compared to its average volume of 1,478,321. The firm has a market capitalization of $14.53 billion, a PE ratio of 12.98, a PEG ratio of 1.65 and a beta of 1.12. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The business has a fifty day moving average price of $145.46 and a 200 day moving average price of $141.26.

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

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.24%. Jabil's dividend payout ratio (DPR) is currently 7.66%.

Insider Transactions at Jabil

In related news, Director John C. Plant sold 50,000 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the sale, the director now directly owns 12,900 shares of the company's stock, valued at $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by corporate 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).