CIBC Private Wealth Group LLC Buys 240 Shares of Jabil Inc. (NYSE:JBL)

CIBC Private Wealth Group LLC boosted its position in Jabil Inc. (NYSE:JBL) by 12.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,169 shares of the technology company’s stock after purchasing an additional 240 shares during the period. CIBC Private Wealth Group LLC’s holdings in Jabil were worth $334,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Public Sector Pension Investment Board grew its stake in Jabil by 6.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 4,926 shares of the technology company’s stock valued at $590,000 after buying an additional 300 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Jabil during the third quarter worth approximately $407,000. Investment Management Corp of Ontario boosted its stake in shares of Jabil by 40.2% in the third quarter. Investment Management Corp of Ontario now owns 3,837 shares of the technology company’s stock valued at $460,000 after buying an additional 1,100 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Jabil during the third quarter worth approximately $223,000. Finally, Quadrature Capital Ltd acquired a new position in Jabil in the 3rd quarter valued at $1,960,000. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Performance

Shares of Jabil stock opened at $117.13 on Friday. The business has a 50-day simple moving average of $150.60 and a 200 day simple moving average of $140.47. The firm has a market capitalization of $12.79 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.65 and a beta of 1.12. 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 one year low of $95.85 and a one year high of $174.80.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter last year, the firm posted $1.68 EPS. Jabil’s revenue was down .6% compared to the same quarter last year. On average, research analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Jabil’s dividend payout ratio (DPR) is currently 7.66%.

Analysts Set New Price Targets

Several equities analysts have commented on JBL shares. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Friday, March 21st. Stifel Nicolaus restated a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Barclays raised their target price on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, March 21st. UBS Group boosted their price target on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. lifted their target price on Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.50.

Insiders Place Their Bets

In related news, Director John C. Plant sold 50,000 shares of the business’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 directly owns 5,900 shares in the company, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction dated Friday, January 31st. The shares were 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 approximately $2,093,283. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,400 shares of company stock valued at $12,205,218. Corporate 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).