Jabil Inc. (NYSE:JBL) Stock Holdings Lifted by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its position in Jabil Inc. (NYSE:JBL) by 6.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,735 shares of the technology company’s stock after acquiring an additional 1,648 shares during the quarter. IFM Investors Pty Ltd’s holdings in Jabil were worth $3,581,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in JBL. Alaska Permanent Fund Corp acquired a new position in Jabil in the fourth quarter worth approximately $29,000. Pacific Capital Wealth Advisors Inc. bought a new position in Jabil during the fourth quarter valued at about $32,000. Riverview Trust Co acquired a new stake in shares of Jabil in the first quarter worth about $33,000. CVA Family Office LLC bought a new stake in shares of Jabil during the 4th quarter worth about $36,000. Finally, Valley National Advisers Inc. acquired a new position in shares of Jabil during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In other news, Director David M. Stout sold 31,300 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the completion of the transaction, the director now directly owns 67,300 shares of the company’s stock, valued at approximately $8,285,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director David M. Stout sold 31,300 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $123.12, for a total value of $3,853,656.00. Following the sale, the director now directly owns 67,300 shares in the company, valued at approximately $8,285,976. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Mark T. Mondello sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total value of $6,304,500.00. Following the transaction, the chairman now owns 1,809,194 shares of the company’s stock, valued at approximately $228,121,271.46. The disclosure for this sale can be found here. Insiders have sold 107,177 shares of company stock valued at $13,678,039 in the last 90 days. 2.62% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group upped their target price on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Barclays lowered their price target on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research report on Monday, March 18th. One 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’s stock. According to data from MarketBeat, Jabil presently has a consensus rating of “Buy” and an average price target of $144.50.

Jabil Stock Performance

Shares of JBL traded down $0.21 during trading hours on Friday, reaching $118.27. 1,940,101 shares of the company traded hands, compared to its average volume of 1,202,460. Jabil Inc. has a 1-year low of $75.48 and a 1-year high of $156.94. The stock has a market cap of $14.26 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. The stock’s fifty day moving average is $135.97 and its 200 day moving average is $130.75. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.01). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.91 billion. Equities research analysts anticipate that Jabil Inc. will post 7.83 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Jabil’s dividend payout ratio is currently 2.75%.

Jabil Company 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).