Advisory Services Network LLC Increases Stake in Jabil Inc. (NYSE:JBL)

Advisory Services Network LLC increased its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 41.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,742 shares of the technology company's stock after purchasing an additional 3,449 shares during the period. Advisory Services Network LLC's holdings in Jabil were worth $1,690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in shares of Jabil by 70,781.4% during the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock valued at $835,876,000 after buying an additional 5,800,535 shares during the period. Norges Bank bought a new position in Jabil in the fourth quarter valued at about $218,430,000. FMR LLC boosted its position in Jabil by 8.1% in the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock worth $796,220,000 after purchasing an additional 416,841 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Jabil during the 4th quarter valued at about $43,312,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Jabil by 18.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company's stock worth $270,187,000 after purchasing an additional 288,806 shares during the period. Institutional investors own 93.39% of the company's stock.

Insider Transactions at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the sale, the chairman now directly owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. The trade was a 1.14 % decrease in their ownership of the stock. The sale 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 business's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the sale, the director now owns 5,900 shares in the company, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,400 shares of company stock valued at $11,810,418 in the last quarter. 1.73% of the stock is currently owned by corporate insiders.

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Jabil Trading Up 1.2 %

Shares of NYSE:JBL traded up $1.61 during trading on Tuesday, reaching $135.47. 1,202,949 shares of the company were exchanged, compared to its average volume of 1,483,482. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The firm has a market capitalization of $14.54 billion, a PE ratio of 12.99, a P/E/G ratio of 1.65 and a beta of 1.12. The business's fifty day simple moving average is $145.46 and its 200-day simple moving average is $141.26. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80.

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

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. Jabil's dividend payout ratio is presently 7.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on JBL shares. Barclays upped their price objective on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Stifel Nicolaus reiterated 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. JPMorgan Chase & Co. upped their target price on shares of Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. StockNews.com raised Jabil from a "hold" rating to a "buy" rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group lowered their price objective on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $162.00.

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).