D.A. Davidson & CO. Acquires 962 Shares of Jabil Inc. (NYSE:JBL)

D.A. Davidson & CO. grew its holdings in Jabil Inc. (NYSE:JBL) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,267 shares of the technology company’s stock after acquiring an additional 962 shares during the period. D.A. Davidson & CO.’s holdings in Jabil were worth $3,856,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Lecap Asset Management Ltd. bought a new stake in shares of Jabil during the 4th quarter valued at $1,146,000. International Assets Investment Management LLC bought a new stake in shares of Jabil during the 4th quarter valued at $3,733,000. Deutsche Bank AG raised its position in shares of Jabil by 87.1% during the 3rd quarter. Deutsche Bank AG now owns 185,371 shares of the technology company’s stock valued at $23,522,000 after purchasing an additional 86,285 shares during the period. Hartford Investment Management Co. bought a new stake in shares of Jabil during the 4th quarter valued at $1,096,000. Finally, Czech National Bank bought a new stake in shares of Jabil during the 4th quarter valued at $2,849,000. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Performance

Shares of NYSE:JBL opened at $118.85 on Friday. Jabil Inc. has a 52 week low of $83.64 and a 52 week high of $156.94. The stock has a market capitalization of $14.33 billion, a P/E ratio of 10.20, a PEG ratio of 1.46 and a beta of 1.42. The firm has a fifty day simple moving average of $125.36 and a two-hundred day simple moving average of $129.24. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 1.08.

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

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend 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

Several brokerages have recently commented on JBL. Barclays decreased their price objective on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research report on Monday, March 18th. Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. 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 report on Monday, March 4th. Finally, StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. One 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. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $144.50.

Insider Buying and Selling

In related news, CEO Kenneth S. Wilson sold 15,000 shares of Jabil stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the transaction, the chief executive officer now directly owns 339,725 shares of the company’s stock, valued at approximately $45,591,095. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Jabil news, EVP Gerald Creadon sold 3,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $8,874,159.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kenneth S. Wilson sold 15,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the sale, the chief executive officer now directly owns 339,725 shares of the company’s stock, valued at $45,591,095. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,877 shares of company stock valued at $9,824,383. Company insiders own 2.62% of the company’s stock.

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).