Arrowstreet Capital Limited Partnership Invests $2.07 Million in Jabil Inc. (NYSE:JBL)

Arrowstreet Capital Limited Partnership acquired a new stake in Jabil Inc. (NYSE:JBL - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,415 shares of the technology company's stock, valued at approximately $2,074,000.

Several other institutional investors have also added to or reduced their stakes in JBL. SBI Securities Co. Ltd. bought a new position in Jabil during the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Jabil during the 4th quarter valued at $29,000. Millstone Evans Group LLC bought a new position in shares of Jabil during the 4th quarter valued at $37,000. First Horizon Advisors Inc. boosted its stake in shares of Jabil by 90.3% in the 4th 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. bought a new stake in shares of Jabil in the fourth quarter worth $43,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jabil

In related news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the transaction, the chairman now directly owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. This represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction that occurred 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 directly owns 12,900 shares in the company, valued at approximately $2,093,283. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,400 shares of company stock valued at $11,810,418 in the last three months. 1.73% of the stock is currently owned by corporate insiders.

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Jabil Price Performance

Shares of JBL traded down $1.43 during mid-day trading on Wednesday, reaching $134.08. The stock had a trading volume of 88,216 shares, compared to its average volume of 1,478,021. The firm has a market cap of $14.39 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 1.65 and a beta of 1.12. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The business has a fifty day moving average of $144.86 and a 200 day moving average of $141.22. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly 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 return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the prior year, the business posted $1.68 EPS. Jabil's revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

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

Analyst Ratings Changes

JBL has been the topic of several research reports. 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 research report on Thursday, April 10th. Stifel Nicolaus reissued 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. StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a report on Friday, March 21st. UBS Group increased their price target on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Barclays boosted their price objective 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Jabil presently has an average rating of "Moderate Buy" and a consensus target price of $162.00.

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).