American Century Companies Inc. Raises Stock Holdings in Jabil Inc. (NYSE:JBL)

American Century Companies Inc. boosted its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 246,198 shares of the technology company's stock after acquiring an additional 13,161 shares during the quarter. American Century Companies Inc. owned 0.23% of Jabil worth $35,428,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meyer Handelman Co. bought a new position in shares of Jabil in the fourth quarter worth approximately $7,334,000. Davis Investment Partners LLC bought a new position in shares of Jabil in the 4th quarter worth $1,433,000. Truist Financial Corp raised its position in shares of Jabil by 50.4% during the 4th quarter. Truist Financial Corp now owns 12,037 shares of the technology company's stock valued at $1,732,000 after buying an additional 4,034 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of Jabil during the 4th quarter worth $235,000. Finally, Keybank National Association OH purchased a new position in Jabil in the fourth quarter worth $214,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Trading Up 0.2 %

Shares of NYSE:JBL traded up $0.23 during trading on Monday, reaching $136.22. 1,537,472 shares of the company traded hands, compared to its average volume of 1,439,377. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The firm has a market capitalization of $14.87 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 1.65 and a beta of 1.19. The business's fifty day moving average is $154.45 and its 200-day moving average is $139.84.

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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, beating 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 business 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 posted $1.68 EPS. The firm's revenue for the quarter was down .6% compared to the same quarter last year. As a group, analysts forecast 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. Shareholders 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 was Tuesday, February 18th. Jabil's dividend payout ratio (DPR) is currently 7.66%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JBL. Stifel Nicolaus restated a "buy" rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. UBS Group boosted their target price on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Barclays increased their price target on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.50.

Insider Transactions at Jabil

In related news, Director Christopher S. Holland sold 3,400 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the sale, the director now owns 12,900 shares of the company's stock, valued at $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 SEC, which is available through this link. Also, Director John C. Plant sold 50,000 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is currently owned by insiders.

About Jabil

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).