Gateway Investment Advisers LLC Grows Stock Position in Jabil Inc. (NYSE:JBL)

Gateway Investment Advisers LLC boosted its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 66.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,227 shares of the technology company's stock after buying an additional 2,088 shares during the quarter. Gateway Investment Advisers LLC's holdings in Jabil were worth $752,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in JBL. Van ECK Associates Corp grew its position in shares of Jabil by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company's stock worth $195,000 after buying an additional 90 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in Jabil by 2.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company's stock worth $387,000 after acquiring an additional 91 shares in the last quarter. Richard P Slaughter Associates Inc increased its position in Jabil by 0.7% during the 3rd quarter. Richard P Slaughter Associates Inc now owns 17,624 shares of the technology company's stock valued at $2,112,000 after purchasing an additional 120 shares during the period. Private Advisor Group LLC raised its holdings in shares of Jabil by 4.9% in the 3rd quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company's stock valued at $309,000 after purchasing an additional 120 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of Jabil by 2.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 5,895 shares of the technology company's stock worth $706,000 after purchasing an additional 126 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Stock Performance

NYSE:JBL traded up $1.21 during mid-day trading on Friday, hitting $162.94. The company's stock had a trading volume of 1,620,731 shares, compared to its average volume of 1,496,248. The business's fifty day moving average is $140.74 and its two-hundred day moving average is $123.26. The stock has a market cap of $18.20 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 1.61 and a beta of 1.23. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $164.25.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 41.87% and a net margin of 4.71%. The company's revenue was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.60 earnings per share. Analysts anticipate that Jabil Inc. will post 8.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on JBL shares. The Goldman Sachs Group boosted their price target on Jabil from $136.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. UBS Group boosted their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Stifel Nicolaus reissued a "buy" rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. StockNews.com downgraded shares of Jabil from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Finally, Barclays raised their target price on Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $153.17.

Insider Activity at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the transaction, the director now owns 119,108 shares in the company, valued at $18,021,040.40. The trade was a 14.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Francis Mckay sold 11,755 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The shares were 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 in the company, valued at approximately $5,051,816.97. The trade was a 22.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,309 shares of company stock worth $8,354,226 in the last three months. Company insiders own 1.73% of the company's stock.

Jabil 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).