Blue Door Asset Management LLC Acquires New Holdings in Jabil Inc. (NYSE:JBL)

Blue Door Asset Management LLC bought a new position in Jabil Inc. (NYSE:JBL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 44,100 shares of the technology company's stock, valued at approximately $6,346,000. Jabil makes up about 2.3% of Blue Door Asset Management LLC's portfolio, making the stock its 10th largest holding.

Several other hedge funds also recently modified their holdings of JBL. SBI Securities Co. Ltd. bought a new stake in Jabil during the fourth quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Jabil during the 4th quarter worth $29,000. Millstone Evans Group LLC acquired a new position in Jabil in the 4th quarter valued at $37,000. First Horizon Advisors Inc. lifted its position in Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock worth $39,000 after acquiring an additional 130 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Jabil by 113.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock valued at $43,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Buying and Selling at Jabil

In other news, Director John C. Plant sold 50,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 5,900 shares of the company's stock, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction that occurred on Friday, April 11th. The shares were 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 owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,400 shares of company stock valued at $11,810,418. 1.73% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

JBL has been the topic of a number of research analyst reports. UBS Group raised their target price on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, March 21st. The Goldman Sachs Group lowered their price objective on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. StockNews.com cut shares of Jabil from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. JPMorgan Chase & Co. reduced their price target on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Barclays boosted their price objective on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $158.50.

Jabil Trading Up 2.6 %

Shares of JBL stock opened at $133.18 on Wednesday. The firm has a fifty day moving average of $141.46 and a 200-day moving average of $141.69. The stock has a market cap of $14.30 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 1.65 and a beta of 1.12. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. 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 posted its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.68 earnings per share. On average, equities research analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Thursday, May 15th. Jabil's dividend payout ratio (DPR) is 7.66%.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.