GAMMA Investing LLC Invests $81,000 in Jabil Inc. (NYSE:JBL)

GAMMA Investing LLC bought a new stake in Jabil Inc. (NYSE:JBL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 643 shares of the technology company’s stock, valued at approximately $81,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Cullen Frost Bankers Inc. acquired a new stake in shares of Jabil in the third quarter worth $63,000. Lecap Asset Management Ltd. acquired a new stake in Jabil during the fourth quarter worth about $1,146,000. D.A. Davidson & CO. raised its position in Jabil by 15.3% during the third quarter. D.A. Davidson & CO. now owns 29,305 shares of the technology company’s stock valued at $3,719,000 after acquiring an additional 3,887 shares in the last quarter. Deutsche Bank AG lifted its holdings in Jabil by 87.1% in the third quarter. Deutsche Bank AG now owns 185,371 shares of the technology company’s stock valued at $23,522,000 after acquiring an additional 86,285 shares during the period. Finally, Cozad Asset Management Inc. boosted its position in 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 in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Activity at Jabil

In other Jabil news, SVP May Yee Yap sold 7,877 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the transaction, the senior vice president now owns 29,006 shares in the company, valued at $4,050,687.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of Jabil 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 directly 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 at the SEC website. Also, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the transaction, the senior vice president now directly owns 29,006 shares in the company, valued at approximately $4,050,687.90. The disclosure for this sale can be found here. Insiders have sold 75,877 shares of company stock valued at $9,824,383 in the last ninety days. Insiders own 2.62% of the company’s stock.

Jabil Trading Up 1.4 %

Shares of JBL stock opened at $119.87 on Tuesday. The stock has a market capitalization of $14.46 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. Jabil Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $156.94. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. The company has a 50 day moving average price of $135.60 and a 200 day moving average price of $130.54.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.01). The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations 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 EPS for the current fiscal year.

Jabil Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, March 4th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Argus lowered Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, Barclays dropped their price objective on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a report on Monday, March 18th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Jabil currently has an average rating of “Buy” and an average target price of $144.50.

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).