Everpar Advisors LLC Invests $239,000 in Jabil Inc. (NYSE:JBL)

Everpar Advisors LLC bought a new position in Jabil Inc. (NYSE:JBL) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 1,877 shares of the technology company’s stock, valued at approximately $239,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JBL. FMR LLC lifted its position in shares of Jabil by 15.9% in the 3rd quarter. FMR LLC now owns 10,525,084 shares of the technology company’s stock worth $1,335,528,000 after purchasing an additional 1,440,857 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Jabil in the 3rd quarter worth about $124,319,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Jabil in the 3rd quarter worth about $57,818,000. Ceredex Value Advisors LLC lifted its position in shares of Jabil by 72,212.5% in the 4th quarter. Ceredex Value Advisors LLC now owns 289,250 shares of the technology company’s stock worth $36,850,000 after purchasing an additional 288,850 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Jabil during the 3rd quarter valued at about $35,172,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Stock Up 0.1 %

NYSE:JBL opened at $117.53 on Thursday. The firm has a market cap of $14.17 billion, a P/E ratio of 10.09, a P/E/G ratio of 1.25 and a beta of 1.42. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. Jabil Inc. has a fifty-two week low of $77.43 and a fifty-two week high of $156.94. The firm has a 50-day simple moving average of $132.38 and a two-hundred day simple moving average of $129.74.

Jabil (NYSE:JBL) last released its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. Analysts predict that Jabil Inc. will post 7.83 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. Jabil’s dividend payout ratio is presently 2.75%.

Analyst Ratings Changes

A number of brokerages recently issued reports on JBL. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Barclays lowered their price target on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, March 18th. Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, The Goldman Sachs Group lifted their price target on shares of Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $144.50.

Insider Transactions at Jabil

In other news, EVP Gerald Creadon sold 3,000 shares of Jabil stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total value of $406,860.00. Following the completion of the sale, the executive vice president now directly owns 65,434 shares in the company, valued at $8,874,159.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Kenneth S. Wilson sold 15,000 shares of Jabil stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the sale, the chief executive officer now directly owns 339,725 shares in the company, valued at $45,591,095. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gerald Creadon sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total transaction of $406,860.00. Following the sale, the executive vice president now owns 65,434 shares of the company’s stock, valued at $8,874,159.08. The disclosure for this sale can be found here. Insiders sold 75,877 shares of company stock worth $9,824,383 over the last three months. 2.62% of the stock is currently owned by company insiders.

Jabil Company 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).