Assenagon Asset Management S.A. Increases Stock Holdings in Jabil Inc. (NYSE:JBL)

Assenagon Asset Management S.A. grew its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 1.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 159,058 shares of the technology company's stock after buying an additional 1,743 shares during the period. Assenagon Asset Management S.A. owned approximately 0.14% of Jabil worth $22,888,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of JBL. Capital Performance Advisors LLP acquired a new stake in Jabil in the third quarter worth $32,000. Brooklyn Investment Group acquired a new position in Jabil during the 3rd quarter worth approximately $39,000. Matrix Trust Co boosted its holdings in Jabil by 135.4% in the third quarter. Matrix Trust Co now owns 372 shares of the technology company's stock worth $45,000 after acquiring an additional 214 shares in the last quarter. Armstrong Advisory Group Inc. grew its stake in Jabil by 114.0% in the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company's stock valued at $51,000 after acquiring an additional 228 shares during the period. Finally, Sound Income Strategies LLC grew its stake in Jabil by 945.7% in the third quarter. Sound Income Strategies LLC now owns 481 shares of the technology company's stock valued at $58,000 after acquiring an additional 435 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Matthew Crowley sold 2,271 shares of the company's stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $123.54, for a total transaction of $280,559.34. Following the completion of the sale, the executive vice president now owns 15,564 shares in the company, valued at $1,922,776.56. This represents a 12.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the transaction, the senior vice president now owns 41,507 shares in the company, valued at $5,051,816.97. This represents a 22.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,309 shares of company stock worth $8,354,226 over the last quarter. Insiders own 1.73% of the company's stock.

Analysts Set New Price Targets

JBL has been the subject of several research reports. Bank of America lifted their price target on shares of Jabil from $135.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, September 27th. StockNews.com lowered Jabil from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Barclays raised their price target on shares of Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a research note on Friday, December 20th. The Goldman Sachs Group upped their price objective on shares of Jabil from $136.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, UBS Group lifted their price target on Jabil from $128.00 to $152.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Jabil has a consensus rating of "Moderate Buy" and a consensus price target of $153.17.

Jabil Price Performance

Shares of NYSE:JBL traded up $1.21 on Friday, reaching $162.94. The company's stock had a trading volume of 1,620,731 shares, compared to its average volume of 1,496,248. The company has a 50-day simple moving average of $140.74 and a 200 day simple moving average of $123.16. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $164.25. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The company has a market cap of $18.20 billion, a P/E ratio of 15.62, a PEG ratio of 1.61 and a beta of 1.23.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.12. The company had revenue of $6.99 billion for the quarter, compared to analysts' expectations of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm's revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.60 earnings per share. As a group, equities research analysts anticipate that Jabil Inc. will post 8.02 EPS for the current fiscal year.

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).