Tidal Investments LLC Buys 1,537 Shares of Jabil Inc. (NYSE:JBL)

Tidal Investments LLC grew its stake in Jabil Inc. (NYSE:JBL) by 13.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,000 shares of the technology company’s stock after purchasing an additional 1,537 shares during the period. Tidal Investments LLC’s holdings in Jabil were worth $1,871,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of JBL. SBI Securities Co. Ltd. bought a new stake in shares of Jabil in the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Jabil in the 4th quarter valued at approximately $29,000. Millstone Evans Group LLC bought a new stake in shares of Jabil in the 4th quarter valued at approximately $37,000. First Horizon Advisors Inc. grew its stake in shares of Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after purchasing an additional 130 shares during the period. Finally, GHP Investment Advisors Inc. bought a new stake in shares of Jabil in the 4th quarter valued at approximately $43,000. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Up 0.3%

Shares of JBL opened at $165.53 on Friday. The firm has a market capitalization of $17.77 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.65 and a beta of 1.11. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The business’s fifty day moving average price is $144.50 and its two-hundred day moving average price is $146.55. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $6.73 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $1.68 EPS. On average, analysts predict that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil’s dividend payout ratio (DPR) is currently 7.66%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. The Goldman Sachs Group decreased their price target on Jabil from $175.00 to $146.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Wall Street Zen upgraded Jabil from a “hold” rating to a “buy” rating in a research report on Monday, May 19th. JPMorgan Chase & Co. decreased their price target on Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Barclays increased their price target on Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. Finally, UBS Group increased their price target on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.50.

Insider Activity

In other news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the transaction, the chairman now owns 1,730,192 shares of the company’s stock, valued at $227,624,059.52. This represents a 1.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total value of $1,699,000.00. Following the completion of the transaction, the chief executive officer now directly owns 221,693 shares in the company, valued at approximately $37,665,640.70. This trade represents a 4.32% decrease in their position. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by company insiders.

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).