Level Four Advisory Services LLC Acquires Shares of 2,170 Jabil Inc. (NYSE:JBL)

Level Four Advisory Services LLC bought a new position in shares of Jabil Inc. (NYSE:JBL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,170 shares of the technology company's stock, valued at approximately $312,000.

Several other hedge funds have also modified their holdings of JBL. SBI Securities Co. Ltd. bought a new stake in shares of Jabil during the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Jabil during the 4th quarter worth about $29,000. Millstone Evans Group LLC bought a new position in Jabil in the fourth quarter valued at approximately $37,000. First Horizon Advisors Inc. raised its position in shares of Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after acquiring an additional 130 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Jabil by 113.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock worth $43,000 after acquiring an additional 158 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JBL. The Goldman Sachs Group increased their price target on shares of Jabil from $160.00 to $179.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Barclays increased their price objective on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. JPMorgan Chase & Co. lifted their price objective on Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. UBS Group raised their price target on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Stifel Nicolaus restated a "buy" rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Jabil has an average rating of "Moderate Buy" and an average price target of $167.50.

Remove Ads

Insider Activity at Jabil

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the transaction, the director now 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the sale, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 in the last 90 days. Corporate insiders own 1.73% of the company's stock.

Jabil Trading Up 1.8 %

NYSE JBL traded up $2.45 during trading on Wednesday, hitting $138.87. The stock had a trading volume of 912,154 shares, compared to its average volume of 1,438,442. 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 has a market capitalization of $15.16 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 1.65 and a beta of 1.19. The stock has a 50 day simple moving average of $152.69 and a 200 day simple moving average of $140.28. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly 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. The business had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.68 earnings per share. Sell-side analysts predict that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Tuesday, February 18th. Jabil's payout ratio is currently 7.66%.

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).