Alliancebernstein L.P. Has $31.44 Million Stock Position in Jabil Inc. (NYSE:JBL)

Alliancebernstein L.P. raised its position in Jabil Inc. (NYSE:JBL - Free Report) by 48.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 218,461 shares of the technology company's stock after purchasing an additional 71,437 shares during the quarter. Alliancebernstein L.P. owned 0.20% of Jabil worth $31,437,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in Jabil in the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Jabil in the fourth quarter worth $29,000. Millstone Evans Group LLC bought a new position in Jabil in the fourth quarter valued at $37,000. First Horizon Advisors Inc. increased its stake in Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after buying an additional 130 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new position in shares of Jabil in the 4th quarter valued at about $43,000. 93.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. The Goldman Sachs Group dropped their target price on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday. UBS Group increased their price objective on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, March 21st. StockNews.com upgraded shares of Jabil from a "hold" rating to a "buy" rating in a report 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Jabil currently has a consensus rating of "Moderate Buy" and an average target price of $162.00.

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Jabil Stock Performance

Jabil stock traded down $0.19 during mid-day trading on Friday, hitting $131.85. 1,688,307 shares of the company's stock traded hands, compared to its average volume of 1,481,218. 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 50 day simple moving average of $146.05 and a two-hundred day simple moving average of $141.08. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 1.65 and a beta of 1.12.

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

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil's dividend payout ratio (DPR) is currently 7.66%.

Insider Buying and Selling

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction dated 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 directly owns 12,900 shares in the company, valued at $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John C. Plant sold 50,000 shares of the firm'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 completion of the transaction, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by insiders.

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).