Mirabella Financial Services LLP Makes New $1.99 Million Investment in Jabil Inc. (NYSE:JBL)

Mirabella Financial Services LLP acquired a new stake in shares of Jabil Inc. (NYSE:JBL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,842 shares of the technology company’s stock, valued at approximately $1,992,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meyer Handelman Co. bought a new stake in Jabil during the 4th quarter worth approximately $7,334,000. Davis Investment Partners LLC purchased a new stake in Jabil in the 4th quarter valued at $1,433,000. Truist Financial Corp lifted its stake in Jabil by 50.4% during the 4th quarter. Truist Financial Corp now owns 12,037 shares of the technology company’s stock valued at $1,732,000 after acquiring an additional 4,034 shares in the last quarter. Merit Financial Group LLC purchased a new position in Jabil during the 4th quarter worth $235,000. Finally, Keybank National Association OH bought a new stake in shares of Jabil in the 4th quarter worth $214,000. 93.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Jabil news, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 5,900 shares in the company, valued at $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the firm’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the sale, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,400 shares of company stock worth $11,810,418 over the last ninety days. 1.73% of the stock is owned by corporate insiders.

Jabil Stock Performance

NYSE JBL opened at $134.97 on Friday. The company’s 50 day moving average is $142.95 and its 200-day moving average is $141.54. The firm has a market cap of $14.49 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

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

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil’s dividend payout ratio (DPR) is presently 7.66%.

Analysts Set New Price Targets

JBL has been the topic of several recent analyst reports. Barclays lifted their target price on shares of Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. cut their price objective on Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a research report on Thursday. UBS Group raised 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. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Friday. Finally, The Goldman Sachs Group lowered their price objective on shares of Jabil from $175.00 to $146.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $158.50.

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).