Jabil Inc. (NYSE:JBL) is Texas Yale Capital Corp.'s Largest Position

Texas Yale Capital Corp. raised its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,399,455 shares of the technology company's stock after purchasing an additional 4,147 shares during the period. Jabil accounts for approximately 37.0% of Texas Yale Capital Corp.'s portfolio, making the stock its largest holding. Texas Yale Capital Corp. owned 5.86% of Jabil worth $920,882,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new stake in Jabil during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Jabil during the 4th quarter valued at $29,000. Millstone Evans Group LLC purchased a new stake in Jabil in the fourth quarter worth about $37,000. First Horizon Advisors Inc. raised its holdings 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, GHP Investment Advisors Inc. purchased a new position in shares of Jabil during the fourth quarter valued at approximately $43,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JBL has been the subject of a number of analyst reports. Stifel Nicolaus restated a "buy" rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted their target price on shares of Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a research report on Friday, March 21st. UBS Group boosted their target price on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Barclays raised their price target on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $162.00.

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Jabil Stock Up 0.7 %

JBL stock traded up $0.88 during trading on Monday, hitting $132.82. 384,339 shares of the company's stock traded hands, compared to its average volume of 1,478,809. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $14.26 billion, a P/E ratio of 12.73, a PEG ratio of 1.65 and a beta of 1.12. The business has a fifty day simple moving average of $146.05 and a two-hundred day simple moving average of $141.18. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. The company's revenue was down .6% on a year-over-year basis. Sell-side analysts anticipate that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business 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. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil's dividend payout ratio is currently 7.66%.

Insider Transactions at Jabil

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