Jabil Inc. (NYSE:JBL) Shares Acquired by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. raised its position in Jabil Inc. (NYSE:JBL - Free Report) by 30.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 350,191 shares of the technology company's stock after purchasing an additional 82,593 shares during the period. Adage Capital Partners GP L.L.C. owned 0.32% of Jabil worth $50,392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JBL. SBI Securities Co. Ltd. acquired a new position in Jabil in the fourth quarter valued at $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Jabil in the 4th quarter valued at about $29,000. Millstone Evans Group LLC acquired a new stake in shares of Jabil in the 4th quarter valued at about $37,000. First Horizon Advisors Inc. increased its position in Jabil by 90.3% during 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 period. Finally, GHP Investment Advisors Inc. purchased a new stake in Jabil in the fourth quarter valued at approximately $43,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

JBL has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. StockNews.com cut shares of Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. UBS Group raised their price target on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. The Goldman Sachs Group reduced their price objective on Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Barclays boosted their target price on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $158.50.

Insider Transactions at Jabil

In related news, Director Christopher S. Holland sold 3,400 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now owns 12,900 shares in the company, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the transaction, the chairman now directly owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.73% of the company's stock.

Jabil Price Performance

Shares of Jabil stock traded down $0.46 during trading on Monday, reaching $146.46. The company's stock had a trading volume of 838,855 shares, compared to its average volume of 1,464,891. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The company has a market capitalization of $15.72 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The business has a 50 day moving average price of $139.91 and a 200-day moving average price of $142.25.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil's revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.68 earnings per share. As a group, sell-side analysts anticipate that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.22%. The ex-dividend date is Thursday, May 15th. Jabil's payout ratio is 7.66%.

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).