Lisanti Capital Growth LLC Acquires Shares of 3,505 Jabil Inc. (NYSE:JBL)

Lisanti Capital Growth LLC bought a new position in shares of Jabil Inc. (NYSE:JBL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,505 shares of the technology company's stock, valued at approximately $504,000.

Several other institutional investors and hedge funds have also made changes to their positions in JBL. SBI Securities Co. Ltd. acquired a new stake in Jabil during the 4th quarter worth $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Jabil during the third quarter worth about $32,000. First Horizon Advisors Inc. grew its holdings in shares of Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock worth $39,000 after buying an additional 130 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Jabil by 113.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock valued at $43,000 after acquiring an additional 158 shares during the period. Finally, GHP Investment Advisors Inc. purchased a new stake in Jabil during the 4th quarter valued at approximately $43,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jabil

In other news, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction dated Friday, January 31st. The stock was 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 owns 12,900 shares in the company, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 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 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. In the last three months, insiders sold 77,400 shares of company stock worth $12,804,458. Corporate insiders own 1.73% of the company's stock.

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Jabil Trading Down 4.2 %

Shares of NYSE JBL traded down $5.82 on Monday, reaching $134.13. 175,576 shares of the company traded hands, compared to its average volume of 1,282,157. The stock has a market capitalization of $14.64 billion, a PE ratio of 12.84, a P/E/G ratio of 1.65 and a beta of 1.19. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The company has a 50 day moving average of $158.43 and a 200 day moving average of $136.31.

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

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. Jabil's dividend payout ratio (DPR) is 3.07%.

Analyst Ratings Changes

JBL has been the topic of a number of recent research reports. 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 report on Monday, February 24th. Barclays upped their price objective on Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a report on Friday, December 20th. Stifel Nicolaus restated a "buy" rating and set a $160.00 target price (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 report on Tuesday, February 25th. Finally, UBS Group boosted their price objective on shares of Jabil from $128.00 to $152.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $158.83.

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).