Charles Schwab Investment Management Inc. Has $150.41 Million Holdings in Jabil Inc. (NYSE:JBL)

Charles Schwab Investment Management Inc. lifted its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,045,213 shares of the technology company's stock after purchasing an additional 10,541 shares during the period. Charles Schwab Investment Management Inc. owned 0.96% of Jabil worth $150,406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bleakley Financial Group LLC raised its position in shares of Jabil by 2.2% in the fourth 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 period. Greenleaf Trust raised its holdings in Jabil by 1.3% in the 4th 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 period. Resonant Capital Advisors LLC lifted its position in Jabil by 3.3% during the fourth 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 last quarter. Van ECK Associates Corp boosted its holdings in shares of Jabil by 6.0% during the third quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company's stock worth $195,000 after acquiring an additional 90 shares during the period. Finally, Verdence Capital Advisors LLC grew its position in shares of Jabil by 2.9% in the third 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 last quarter. 93.39% of the stock is owned by institutional investors.

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Analyst Ratings Changes

JBL has been the subject of several recent research reports. StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Stifel Nicolaus restated a "buy" rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays boosted their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an "overweight" rating in a report on Friday, December 20th. UBS Group boosted their price target on Jabil from $128.00 to $152.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group upped their target price on Jabil from $160.00 to $179.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Jabil has an average rating of "Moderate Buy" and an average price target of $158.83.

Jabil Price Performance

Shares of JBL stock traded down $0.99 on Tuesday, hitting $132.36. 1,132,992 shares of the company's stock were exchanged, compared to its average volume of 1,306,302. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The company has a 50 day moving average of $158.22 and a 200 day moving average of $136.50. The stock has a market cap of $14.45 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.12. The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm's revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.60 EPS. On average, equities research analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil's payout ratio is 3.07%.

Insider Transactions at Jabil

In related 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 transaction, the director now directly 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the sale, the director now owns 12,900 shares in the company, valued at $2,093,283. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,400 shares of company stock worth $12,804,458. Insiders own 1.73% of the company's stock.

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).