Czech National Bank Raises Stake in Jabil Inc. (NYSE:JBL)

Czech National Bank boosted its holdings in shares of Jabil Inc. (NYSE:JBL) by 5.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 24,467 shares of the technology company’s stock after purchasing an additional 1,358 shares during the period. Czech National Bank’s holdings in Jabil were worth $3,521,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in shares of Jabil in the 3rd quarter worth $32,000. Brooklyn Investment Group acquired a new stake in shares of Jabil in the 3rd quarter worth $39,000. Matrix Trust Co lifted its stake in shares of Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after acquiring an additional 214 shares during the period. Armstrong Advisory Group Inc. lifted its stake in shares of Jabil by 114.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after acquiring an additional 228 shares during the period. Finally, Sound Income Strategies LLC lifted its stake in shares of Jabil by 945.7% in the 3rd quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock worth $58,000 after acquiring an additional 435 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the sale, the director now directly owns 139,108 shares of the company’s stock, valued at $17,346,767.60. This trade represents a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the sale, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,689 shares of company stock valued at $8,527,871 over the last quarter. Insiders own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on JBL. Bank of America raised their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Barclays raised their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. The Goldman Sachs Group raised their target price on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. UBS Group raised their price objective on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Finally, StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research note on Monday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and a consensus target price of $153.17.

Jabil Stock Up 1.5 %

Shares of NYSE JBL opened at $158.25 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $17.68 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23. The firm has a 50-day moving average price of $139.30 and a 200 day moving average price of $122.25. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $159.60.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.60 earnings per share. Equities research analysts anticipate that Jabil Inc. will post 7.89 EPS for the current fiscal year.

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).