Creekmur Asset Management LLC Buys Shares of 5,292 Jabil Inc. (NYSE:JBL)

Creekmur Asset Management LLC bought a new stake in shares of Jabil Inc. (NYSE:JBL) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 5,292 shares of the technology company’s stock, valued at approximately $674,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. HB Wealth Management LLC increased its position in shares of Jabil by 3.9% in the 4th quarter. HB Wealth Management LLC now owns 2,183 shares of the technology company’s stock valued at $278,000 after buying an additional 82 shares in the last quarter. Beacon Pointe Advisors LLC boosted its stake in Jabil by 2.5% in the 4th quarter. Beacon Pointe Advisors LLC now owns 3,377 shares of the technology company’s stock worth $430,000 after purchasing an additional 83 shares during the period. Mackenzie Financial Corp boosted its stake in Jabil by 0.9% in the 4th quarter. Mackenzie Financial Corp now owns 10,258 shares of the technology company’s stock worth $1,307,000 after purchasing an additional 90 shares during the period. Field & Main Bank boosted its stake in Jabil by 5.6% in the 4th quarter. Field & Main Bank now owns 1,875 shares of the technology company’s stock worth $239,000 after purchasing an additional 100 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in Jabil by 0.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 52,685 shares of the technology company’s stock worth $6,743,000 after purchasing an additional 157 shares during the period. Institutional investors own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. The Goldman Sachs Group lifted their price objective on shares of Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, 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 note on Monday, March 18th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $144.50.

Jabil Price Performance

Jabil stock traded down $1.62 during mid-day trading on Friday, reaching $119.48. The company had a trading volume of 915,391 shares, compared to its average volume of 1,162,972. Jabil Inc. has a fifty-two week low of $99.99 and a fifty-two week high of $156.94. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08. The company has a market cap of $14.41 billion, a P/E ratio of 10.26, a P/E/G ratio of 1.50 and a beta of 1.35. The business has a fifty day simple moving average of $120.79 and a 200 day simple moving average of $127.88.

Jabil (NYSE:JBL) last issued its earnings results 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). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.91 billion. On average, equities research analysts predict that Jabil Inc. will post 7.74 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was 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 (DPR) is presently 2.75%.

Insider Transactions at Jabil

In other news, Chairman Mark T. Mondello sold 50,000 shares of Jabil stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the transaction, the chairman now owns 1,809,194 shares in the company, valued at $228,121,271.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Kenneth S. Wilson sold 15,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 339,725 shares in the company, valued at $45,591,095. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Mark T. Mondello sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the completion of the transaction, the chairman now owns 1,809,194 shares in the company, valued at approximately $228,121,271.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,877 shares of company stock worth $9,824,383. Company insiders own 2.62% of the company’s stock.

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).