Jabil Inc. (NYSE:JBL) Shares Purchased by West Oak Capital LLC

West Oak Capital LLC grew its holdings in Jabil Inc. (NYSE:JBL) by 640.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,295 shares of the technology company’s stock after purchasing an additional 1,120 shares during the quarter. West Oak Capital LLC’s holdings in Jabil were worth $186,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in Jabil in the second quarter worth approximately $382,000. Quest Partners LLC boosted its stake in shares of Jabil by 35,922.2% during the 2nd quarter. Quest Partners LLC now owns 3,242 shares of the technology company’s stock worth $353,000 after acquiring an additional 3,233 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Jabil by 5.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 13,449 shares of the technology company’s stock worth $1,463,000 after acquiring an additional 750 shares during the period. Headlands Technologies LLC purchased a new position in Jabil during the 2nd quarter valued at about $513,000. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Jabil in the second quarter valued at $28,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Stock Performance

Shares of Jabil stock traded up $0.18 during trading hours on Friday, reaching $154.13. The company had a trading volume of 1,266,391 shares, compared to its average volume of 1,379,132. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. Jabil Inc. has a one year low of $95.85 and a one year high of $156.94. The firm has a market cap of $17.22 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23. The business has a fifty day simple moving average of $137.70 and a 200 day simple moving average of $121.20.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.60 earnings per share. On average, analysts anticipate that Jabil Inc. will post 7.89 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. Jabil’s payout ratio is 3.07%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. The Goldman Sachs Group lifted their price target on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Bank of America upped their price target on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Stifel Nicolaus restated a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Finally, Barclays boosted their price target on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Jabil has an average rating of “Moderate Buy” and an average target price of $153.17.

Insiders Place Their Bets

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the sale, the director now owns 139,108 shares in the company, valued at approximately $17,346,767.60. The trade was a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,689 shares of company stock worth $5,501,871 in the last three months. 1.73% of the stock is owned by company insiders.

About Jabil

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).