Lifeworks Advisors LLC Grows Stock Position in Jabil Inc. (NYSE:JBL)

Lifeworks Advisors LLC grew its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 17,835 shares of the technology company's stock after acquiring an additional 2,238 shares during the quarter. Lifeworks Advisors LLC's holdings in Jabil were worth $2,566,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Pacer Advisors Inc. raised its holdings in shares of Jabil by 12,251.7% during the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company's stock worth $264,391,000 after buying an additional 2,188,521 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Jabil by 406.5% during the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company's stock worth $86,613,000 after buying an additional 580,100 shares in the last quarter. FMR LLC increased its holdings in Jabil by 11.3% in the 3rd quarter. FMR LLC now owns 5,116,308 shares of the technology company's stock worth $613,087,000 after purchasing an additional 520,672 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Jabil in the 4th quarter worth about $43,312,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Jabil by 595.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company's stock worth $41,118,000 after purchasing an additional 293,801 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

Jabil Trading Up 1.1 %

Shares of Jabil stock traded up $1.49 on Friday, hitting $139.74. 1,210,454 shares of the company's stock traded hands, compared to its average volume of 1,308,524. 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 current ratio of 1.06 and a quick ratio of 0.72. The company has a fifty day moving average of $158.43 and a two-hundred day moving average of $136.31. The company has a market capitalization of $15.26 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19.

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Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same quarter in the prior year, the company earned $2.60 EPS. The firm's revenue for the quarter was down 16.6% compared to the same quarter last year. As a group, sell-side analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.08 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.23%. Jabil's payout ratio is currently 3.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on JBL shares. Barclays upped their target price on Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a report on Friday, December 20th. The Goldman Sachs Group upped their target price on Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. StockNews.com cut Jabil from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, UBS Group upped their target price on Jabil from $128.00 to $152.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Jabil currently has an average rating of "Moderate Buy" and a consensus target price of $158.83.

Insiders Place Their Bets

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the 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 transaction, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 119,108 shares of the company's stock, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,400 shares of company stock worth $12,804,458. Corporate 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).