Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys 1,512 Shares of Jabil Inc. (NYSE:JBL)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Jabil Inc. (NYSE:JBL) by 7.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,577 shares of the technology company’s stock after acquiring an additional 1,512 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Jabil were worth $2,622,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Jabil by 15.9% in the 3rd quarter. FMR LLC now owns 10,525,084 shares of the technology company’s stock valued at $1,335,528,000 after purchasing an additional 1,440,857 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Jabil in the 3rd quarter valued at about $124,319,000. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Jabil in the 3rd quarter valued at about $57,818,000. Ceredex Value Advisors LLC boosted its stake in shares of Jabil by 72,212.5% in the 4th quarter. Ceredex Value Advisors LLC now owns 289,250 shares of the technology company’s stock valued at $36,850,000 after purchasing an additional 288,850 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in Jabil during the 3rd quarter worth approximately $35,172,000. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Down 1.3 %

Shares of NYSE JBL traded down $1.54 during midday trading on Tuesday, reaching $117.43. The company’s stock had a trading volume of 1,331,380 shares, compared to its average volume of 1,376,549. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08. Jabil Inc. has a fifty-two week low of $77.22 and a fifty-two week high of $156.94. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 1.25 and a beta of 1.42. The stock has a 50 day simple moving average of $133.37 and a 200-day simple moving average of $129.88.

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). The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. Equities research analysts predict that Jabil Inc. will post 7.83 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Jabil’s payout ratio is 2.75%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Barclays reduced 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. The Goldman Sachs Group raised their target price on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Jabil has an average rating of “Buy” and an average price target of $144.50.

Insider Transactions at Jabil

In related news, SVP May Yee Yap sold 7,877 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the transaction, the senior vice president now directly owns 29,006 shares in the company, valued at approximately $4,050,687.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 339,725 shares in the company, valued at approximately $45,591,095. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP May Yee Yap sold 7,877 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the transaction, the senior vice president now owns 29,006 shares of the company’s stock, valued at $4,050,687.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,877 shares of company stock valued at $9,824,383. 2.62% of the stock is currently owned by insiders.

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).