AustralianSuper Pty Ltd Acquires 9,958 Shares of Jabil Inc. (NYSE:JBL)

AustralianSuper Pty Ltd lifted its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 15.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 75,243 shares of the technology company's stock after purchasing an additional 9,958 shares during the period. AustralianSuper Pty Ltd owned 0.07% of Jabil worth $10,827,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Bleakley Financial Group LLC boosted its stake in shares of Jabil by 2.2% in the 4th quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock valued at $471,000 after purchasing an additional 70 shares during the last quarter. Greenleaf Trust boosted its stake in Jabil by 1.3% in the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock valued at $816,000 after acquiring an additional 72 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in Jabil by 3.3% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company's stock worth $365,000 after acquiring an additional 80 shares during the period. Van ECK Associates Corp raised its position in shares of Jabil by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company's stock valued at $195,000 after acquiring an additional 90 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Jabil by 2.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company's stock valued at $387,000 after purchasing an additional 91 shares during the period. 93.39% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

JBL has been the subject of a number of recent analyst reports. Barclays upped their price target on Jabil from $157.00 to $179.00 and gave the company an "overweight" rating in a research note on Friday, December 20th. StockNews.com downgraded shares of Jabil from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. UBS Group upped their price objective on shares of Jabil from $128.00 to $152.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. The Goldman Sachs Group boosted their target price on Jabil from $136.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus reaffirmed 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $153.17.

Jabil Stock Down 0.5 %

JBL traded down $0.89 during trading hours on Wednesday, hitting $169.03. 829,436 shares of the company's stock were exchanged, compared to its average volume of 1,285,841. The stock has a market cap of $18.45 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.68 and a beta of 1.23. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The stock's 50-day moving average is $156.02 and its two-hundred day moving average is $132.03. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.99 billion during the quarter, compared to analysts' expectations of $6.61 billion. During the same quarter last year, the company earned $2.60 EPS. Jabil's revenue for the quarter was down 16.6% compared to the same quarter last year. Sell-side analysts predict that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. Jabil's payout ratio is 3.07%.

Insider Activity at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the firm's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares of the company's stock, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,400 shares of company stock worth $12,804,458. Insiders own 1.73% of the company's stock.

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).