Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys 1,995 Shares of Jabil Inc. (NYSE:JBL)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Jabil Inc. (NYSE:JBL) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,104 shares of the technology company’s stock after buying an additional 1,995 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Jabil were worth $4,620,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. grew its position in shares of Jabil by 12,251.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock valued at $264,391,000 after acquiring an additional 2,188,521 shares during the period. Two Sigma Advisers LP grew its holdings in Jabil by 406.5% during the third quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock worth $86,613,000 after purchasing an additional 580,100 shares during the period. FMR LLC grew its holdings in Jabil by 11.3% during the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after purchasing an additional 520,672 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in Jabil by 595.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company’s stock worth $41,118,000 after buying an additional 293,801 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its position in shares of Jabil by 29.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 574,938 shares of the technology company’s stock valued at $68,895,000 after buying an additional 129,400 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Frederic E. Mccoy sold 4,283 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $122.28, for a total transaction of $523,725.24. Following the completion of the transaction, the executive vice president now owns 142,472 shares of the company’s stock, valued at approximately $17,421,476.16. The trade was a 2.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the sale, the director now directly owns 119,108 shares in the company, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,038 shares of company stock valued at $5,579,666 over the last quarter. 1.73% of the stock is owned by company insiders.

Jabil Stock Performance

NYSE JBL opened at $173.26 on Monday. The firm has a 50-day moving average price of $144.48 and a two-hundred day moving average price of $125.41. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The company has a market capitalization of $18.92 billion, a P/E ratio of 16.61, a P/E/G ratio of 1.68 and a beta of 1.23. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.12. The business had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.60 earnings per share. Analysts anticipate that Jabil Inc. will post 8.03 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Wall Street Analyst Weigh In

JBL has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Barclays lifted their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, January 21st. Finally, UBS Group boosted their price objective on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Jabil has an average rating of “Moderate Buy” and a consensus target price of $153.17.

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).