Canada Post Corp Registered Pension Plan Invests $340,000 in Jabil Inc. (NYSE:JBL)

Canada Post Corp Registered Pension Plan purchased a new stake in shares of Jabil Inc. (NYSE:JBL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,360 shares of the technology company's stock, valued at approximately $340,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of Jabil by 33.5% in the 3rd quarter. Barclays PLC now owns 327,969 shares of the technology company's stock valued at $39,300,000 after purchasing an additional 82,312 shares during the period. Virtu Financial LLC boosted its stake in Jabil by 157.9% in the 3rd quarter. Virtu Financial LLC now owns 15,091 shares of the technology company's stock worth $1,808,000 after purchasing an additional 9,239 shares in the last quarter. Te Ahumairangi Investment Management Ltd raised its holdings in Jabil by 365.6% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 20,767 shares of the technology company's stock worth $2,474,000 after buying an additional 16,307 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Jabil in the 3rd quarter worth approximately $347,000. Finally, Synovus Financial Corp increased its holdings in shares of Jabil by 92.8% in the 3rd quarter. Synovus Financial Corp now owns 18,056 shares of the technology company's stock worth $2,164,000 after purchasing an additional 8,693 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

Jabil Trading Up 2.5 %

Jabil stock traded up $3.21 during trading hours on Tuesday, hitting $132.96. The company had a trading volume of 119,912 shares, compared to its average volume of 1,475,962. The firm has a market cap of $14.27 billion, a P/E ratio of 12.76, a P/E/G ratio of 1.65 and a beta of 1.12. 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 Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The company has a 50-day moving average price of $142.17 and a two-hundred day moving average price of $141.75.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly 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. The business 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 previous year, the business posted $1.68 EPS. On average, sell-side analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

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

Insiders Place Their Bets

In other Jabil news, Director John C. Plant sold 50,000 shares of the business's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the sale, the director now owns 5,900 shares in the company, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction 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 sale, the chairman now owns 1,730,192 shares in the company, valued at $227,624,059.52. The trade was a 1.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,400 shares of company stock valued at $11,810,418. 1.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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).