Ritholtz Wealth Management Purchases 1,183 Shares of Jabil Inc. (NYSE:JBL)

Ritholtz Wealth Management boosted its position in Jabil Inc. (NYSE:JBL) by 6.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,383 shares of the technology company’s stock after buying an additional 1,183 shares during the quarter. Ritholtz Wealth Management’s holdings in Jabil were worth $2,469,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JBL. Cullen Frost Bankers Inc. purchased a new position in Jabil in the third quarter worth about $63,000. D.A. Davidson & CO. boosted its position in Jabil by 15.3% in the third quarter. D.A. Davidson & CO. now owns 29,305 shares of the technology company’s stock worth $3,719,000 after purchasing an additional 3,887 shares during the last quarter. Cozad Asset Management Inc. lifted its stake in shares of Jabil by 21.4% in the 3rd quarter. Cozad Asset Management Inc. now owns 90,828 shares of the technology company’s stock worth $11,525,000 after purchasing an additional 16,038 shares during the period. Deutsche Bank AG grew its position in Jabil by 87.1% during the third quarter. Deutsche Bank AG now owns 185,371 shares of the technology company’s stock valued at $23,522,000 after buying an additional 86,285 shares during the period. Finally, Czech National Bank bought a new stake in shares of Jabil during the 4th quarter valued at $2,849,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JBL. Stifel Nicolaus boosted their price objective on Jabil from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, December 15th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays dropped their target price on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a report on Monday, March 18th. The Goldman Sachs Group increased their target price on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Jabil from $150.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday, November 29th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.50.

Jabil Trading Down 1.5 %

JBL stock traded down $1.99 during trading on Thursday, hitting $133.95. The company had a trading volume of 1,010,273 shares, compared to its average volume of 1,401,888. The firm has a market capitalization of $17.09 billion, a P/E ratio of 11.68, a PEG ratio of 1.42 and a beta of 1.41. The company has a quick ratio of 0.73, a current ratio of 1.12 and a debt-to-equity ratio of 1.13. Jabil Inc. has a 52-week low of $75.48 and a 52-week high of $156.94. The company has a 50 day simple moving average of $135.95 and a 200-day simple moving average of $128.48.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Thursday, February 15th were issued a $0.08 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. Jabil’s payout ratio is currently 2.75%.

Insider Buying and Selling

In other news, CEO Steven D. Borges sold 14,175 shares of Jabil stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $1,842,750.00. Following the transaction, the chief executive officer now directly owns 103,086 shares in the company, valued at approximately $13,401,180. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Roberto Ferri sold 6,183 shares of the business’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $129.97, for a total transaction of $803,604.51. Following the transaction, the senior vice president now directly owns 37,512 shares in the company, valued at approximately $4,875,434.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Steven D. Borges sold 14,175 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $1,842,750.00. Following the completion of the sale, the chief executive officer now directly owns 103,086 shares of the company’s stock, valued at approximately $13,401,180. The disclosure for this sale can be found here. Insiders sold 105,658 shares of company stock valued at $13,316,271 over the last 90 days. Corporate insiders own 2.62% of the company’s stock.

Jabil Company 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).