UniSuper Management Pty Ltd Purchases 6,672 Shares of Jabil Inc. (NYSE:JBL)

UniSuper Management Pty Ltd increased its position in shares of Jabil Inc. (NYSE:JBL) by 42.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,430 shares of the technology company’s stock after purchasing an additional 6,672 shares during the period. UniSuper Management Pty Ltd’s holdings in Jabil were worth $3,004,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of JBL. Ontario Teachers Pension Plan Board acquired a new position in Jabil during the first quarter worth $1,406,000. Westfield Capital Management Co. LP bought a new stake in shares of Jabil in the 1st quarter worth about $39,040,000. Intech Investment Management LLC increased its position in shares of Jabil by 215.5% during the 1st quarter. Intech Investment Management LLC now owns 95,819 shares of the technology company’s stock worth $12,835,000 after purchasing an additional 65,451 shares in the last quarter. Blair William & Co. IL lifted its holdings in Jabil by 2.7% during the 1st quarter. Blair William & Co. IL now owns 5,055 shares of the technology company’s stock valued at $677,000 after purchasing an additional 134 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Jabil by 18.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 150,985 shares of the technology company’s stock valued at $20,224,000 after buying an additional 23,929 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP May Yee Yap sold 4,274 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the completion of the sale, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $116.42, for a total transaction of $145,525.00. Following the completion of the transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP May Yee Yap sold 4,274 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total value of $500,228.96. Following the transaction, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16. The disclosure for this sale can be found here. 2.62% of the stock is owned by company insiders.

Jabil Trading Down 1.0 %

Shares of JBL stock traded down $1.14 on Tuesday, reaching $112.16. The company had a trading volume of 1,597,920 shares, compared to its average volume of 1,464,927. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26. The stock has a market cap of $12.72 billion, a PE ratio of 10.21, a PEG ratio of 1.97 and a beta of 1.27. The company has a 50-day moving average of $115.41 and a 200-day moving average of $125.86. Jabil Inc. has a 12 month low of $100.18 and a 12 month high of $156.94.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, June 20th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.53 billion. During the same period in the prior year, the business posted $1.85 EPS. Jabil’s revenue was down 20.2% on a year-over-year basis. On average, equities analysts forecast that Jabil Inc. will post 7.86 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.29%. Jabil’s payout ratio is 2.91%.

Wall Street Analyst Weigh In

A number of research firms recently commented on JBL. JPMorgan Chase & Co. decreased their price target on Jabil from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, June 17th. UBS Group decreased their target price on Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. Bank of America cut their price target on Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a report on Friday, June 21st. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Finally, Barclays reduced their price target on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and a consensus price target of $142.63.

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).