Brandywine Global Investment Management LLC Purchases 60,578 Shares of Jabil Inc. (NYSE:JBL)

Brandywine Global Investment Management LLC increased its stake in Jabil Inc. (NYSE:JBL - Free Report) by 38.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 219,161 shares of the technology company's stock after purchasing an additional 60,578 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.20% of Jabil worth $31,537,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Jabil during the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Jabil during the 4th quarter worth about $29,000. Millstone Evans Group LLC bought a new position in Jabil in the 4th quarter worth about $37,000. First Horizon Advisors Inc. grew its holdings in Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after buying an additional 130 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Jabil by 113.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock valued at $43,000 after buying an additional 158 shares during the period. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Price Performance

NYSE:JBL traded up $2.45 during mid-day trading on Wednesday, reaching $138.87. The stock had a trading volume of 912,154 shares, compared to its average volume of 1,437,435. Jabil Inc. has a one year low of $95.85 and a one year 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. The firm has a 50 day moving average price of $153.29 and a two-hundred day moving average price of $140.29. The stock has a market capitalization of $15.16 billion, a P/E ratio of 13.31, a P/E/G ratio of 1.65 and a beta of 1.19.

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Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS 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 company had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter last year, the firm earned $1.68 EPS. The firm's quarterly revenue was down .6% compared to the same quarter last year. As a group, analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The business 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 of this dividend was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. Jabil's dividend payout ratio (DPR) is currently 7.66%.

Wall Street Analysts Forecast Growth

JBL has been the topic of several research analyst reports. Barclays upped their price target on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. UBS Group raised their price target 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 boosted their price objective on Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a report on Monday, February 24th. 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. boosted their price target on shares of Jabil from $172.00 to $175.00 and gave the stock 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 issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.50.

Insider Buying and Selling at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the transaction, the director now directly owns 119,108 shares of the company's stock, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the sale, the director now directly owns 12,900 shares of the company's stock, valued at approximately $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is currently owned by insiders.

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).