2,318 Shares in Jabil Inc. (NYSE:JBL) Purchased by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. acquired a new position in shares of Jabil Inc. (NYSE:JBL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,318 shares of the technology company's stock, valued at approximately $334,000.

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

Jabil Stock Performance

Jabil stock traded up $1.49 during trading hours on Friday, reaching $139.74. 1,210,454 shares of the company were exchanged, compared to its average volume of 1,308,524. 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 current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The stock has a 50-day moving average of $158.43 and a 200 day moving average of $136.31. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80.

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Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.99 billion during the quarter, compared to analysts' expectations of $6.61 billion. During the same period in the prior year, the business earned $2.60 earnings per share. Jabil's revenue for the quarter was down 16.6% compared to the same quarter last year. As a group, research analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.23%. Jabil's dividend payout ratio (DPR) is currently 3.07%.

Insider Buying and Selling

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the transaction, the director now directly owns 119,108 shares in the company, valued at $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares of the company's stock, 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 sold a total of 77,400 shares of company stock valued at $12,804,458 over the last ninety days. 1.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

JBL has been the topic of a number of research reports. Stifel Nicolaus restated a "buy" rating and issued a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. UBS Group increased their price objective on Jabil from $128.00 to $152.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Barclays increased their price objective on Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a report on Friday, December 20th. StockNews.com cut Jabil from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group upped their target price on Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $158.83.

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).