One Wealth Advisors LLC Takes $265,000 Position in Jabil Inc. (NYSE:JBL)

One Wealth Advisors LLC acquired a new position in shares of Jabil Inc. (NYSE:JBL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,839 shares of the technology company's stock, valued at approximately $265,000.

Several other institutional investors and hedge funds also recently made changes to their positions in JBL. Resonant Capital Advisors LLC raised its stake in Jabil by 3.3% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company's stock worth $365,000 after purchasing an additional 80 shares in the last quarter. Greenleaf Trust raised its position in shares of Jabil by 1.3% in the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock valued at $816,000 after buying an additional 72 shares in the last quarter. SYM FINANCIAL Corp lifted its holdings in shares of Jabil by 19.2% during the 4th quarter. SYM FINANCIAL Corp now owns 4,083 shares of the technology company's stock worth $588,000 after acquiring an additional 657 shares during the period. DAVENPORT & Co LLC acquired a new stake in shares of Jabil during the 4th quarter worth approximately $236,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Jabil during the 4th quarter worth approximately $303,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on JBL shares. StockNews.com cut Jabil from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. UBS Group upped their price objective on Jabil from $128.00 to $152.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their target price on Jabil from $136.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Barclays increased their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a report on Friday, December 20th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $153.17.

Jabil Trading Up 1.2 %

Shares of JBL stock traded up $2.03 during trading hours on Thursday, hitting $165.65. 997,864 shares of the company's stock traded hands, compared to its average volume of 1,413,998. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The stock has a market cap of $18.09 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.61 and a beta of 1.23. The stock's 50 day simple moving average is $149.39 and its 200 day simple moving average is $127.96.

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, topping 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 firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same period in the previous year, the business earned $2.60 EPS. The business's quarterly revenue was down 16.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.19%. Jabil's payout ratio is 3.07%.

Insider Transactions at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the business's stock in a transaction 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 owns 138,472 shares in the company, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the business's 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 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,400 shares of company stock worth $12,804,458. 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).