Jabil Inc. (NYSE:JBL) Shares Purchased by Andra AP fonden

Andra AP fonden increased its holdings in shares of Jabil Inc. (NYSE:JBL) by 11.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,200 shares of the technology company’s stock after purchasing an additional 12,600 shares during the period. Andra AP fonden’s holdings in Jabil were worth $18,016,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Jabil in the 4th quarter worth $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Jabil in the third quarter valued at about $32,000. Brooklyn Investment Group purchased a new position in Jabil during the 3rd quarter valued at about $39,000. First Horizon Advisors Inc. increased its holdings in Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after acquiring an additional 130 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in Jabil during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Up 1.1 %

JBL stock opened at $139.74 on Friday. The firm has a fifty day moving average price of $158.55 and a two-hundred day moving average price of $135.69. The firm has a market cap of $15.26 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 1.65 and a beta of 1.19. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.60 earnings per share. Research analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil’s payout ratio is currently 3.07%.

Insider Buying and Selling

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now directly owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the sale, the director now directly owns 5,900 shares of the company’s stock, valued at $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock valued at $12,804,458 over the last 90 days. 1.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on JBL shares. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Barclays boosted their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. UBS Group boosted their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their price target on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.83.

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).