Orion Portfolio Solutions LLC Increases Holdings in Jabil Inc. (NYSE:JBL)

Orion Portfolio Solutions LLC grew its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 144.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,698 shares of the technology company's stock after buying an additional 2,773 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Jabil were worth $676,000 at the end of the most recent reporting period.

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

Jabil Stock Down 0.1 %

Shares of JBL stock traded down $0.19 during mid-day trading on Friday, hitting $131.85. 1,688,307 shares of the stock traded hands, compared to its average volume of 1,481,218. The stock's fifty day moving average is $146.05 and its two-hundred day moving average is $141.08. 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 52-week low of $95.85 and a 52-week high of $174.80. The stock has a market cap of $14.40 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.65 and a beta of 1.12.

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Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. The company had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. Jabil's revenue was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.68 earnings per share. Equities analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The firm also recently announced 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. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date was Tuesday, February 18th. Jabil's dividend payout ratio is currently 7.66%.

Insider Buying and Selling at Jabil

In other news, Director John C. Plant sold 50,000 shares of the company's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the transaction, the director now owns 5,900 shares in the company, valued at $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the sale, the director now owns 12,900 shares of the company's stock, valued at $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on JBL shares. The Goldman Sachs Group lowered their target price on Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a report on Thursday. Stifel Nicolaus reaffirmed a "buy" rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. UBS Group raised their target price 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. StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a research report on Friday, March 21st. Finally, Barclays lifted their price objective on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Jabil currently has an average rating of "Moderate Buy" and an average price target of $162.00.

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).