Lifestyle Asset Management Inc. Purchases 95 Shares of Jabil Inc. (NYSE:JBL)

Lifestyle Asset Management Inc. boosted its position in Jabil Inc. (NYSE:JBL) by 1.0% during the fourth quarter, HoldingsChannel reports. The fund owned 9,618 shares of the technology company’s stock after buying an additional 95 shares during the quarter. Jabil comprises 0.8% of Lifestyle Asset Management Inc.’s holdings, making the stock its 22nd biggest position. Lifestyle Asset Management Inc.’s holdings in Jabil were worth $1,384,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Jabil during the third quarter valued at about $32,000. Brooklyn Investment Group purchased a new position in shares of Jabil during the third quarter worth about $39,000. Matrix Trust Co grew its holdings in shares of Jabil by 135.4% during the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after purchasing an additional 214 shares in the last quarter. Armstrong Advisory Group Inc. grew its holdings in shares of Jabil by 114.0% during the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after purchasing an additional 228 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of Jabil by 945.7% during the third quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock worth $58,000 after purchasing an additional 435 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Performance

NYSE:JBL opened at $171.37 on Friday. The firm has a market cap of $18.71 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.76 and a beta of 1.23. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $171.55. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The business has a 50 day moving average price of $143.58 and a 200-day moving average price of $124.78.

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

Wall Street Analyst Weigh In

JBL has been the subject of several recent analyst reports. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a report on Tuesday. The Goldman Sachs Group upped their target price on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Bank of America upped their target price on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Barclays upped their target price on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Finally, UBS Group upped their target price on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and a consensus target price of $153.17.

Insider Activity

In related news, SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the transaction, the senior vice president now owns 41,507 shares in the company, valued at $5,051,816.97. This represents a 22.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,038 shares of company stock valued at $5,579,666. 1.73% of the stock is currently owned by company 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).