Cibc World Markets Corp Has $2.56 Million Stock Holdings in Jabil Inc. (NYSE:JBL)

Cibc World Markets Corp increased its position in Jabil Inc. (NYSE:JBL - Free Report) by 15.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,811 shares of the technology company's stock after buying an additional 2,401 shares during the period. Cibc World Markets Corp's holdings in Jabil were worth $2,563,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBL. SBI Securities Co. Ltd. bought a new position in shares of Jabil during the 4th quarter valued at $27,000. Brooklyn Investment Group acquired a new position in Jabil during the third quarter worth $39,000. First Horizon Advisors Inc. raised its holdings in Jabil by 90.3% during the fourth 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. GHP Investment Advisors Inc. acquired a new stake in shares of Jabil in the fourth quarter worth about $43,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Jabil by 113.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock worth $43,000 after acquiring an additional 158 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

Jabil Stock Performance

Jabil stock traded down $1.77 during mid-day trading on Tuesday, reaching $148.20. The company had a trading volume of 1,902,647 shares, compared to its average volume of 1,392,244. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market cap of $16.18 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 1.65 and a beta of 1.19. The company has a 50 day moving average of $155.89 and a 200-day moving average of $138.73. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80.

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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 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. The business had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the business earned $1.68 earnings per share. On average, sell-side analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors 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 dividend yield of 0.22%. Jabil's payout ratio is 7.66%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JBL. StockNews.com raised Jabil from a "hold" rating to a "buy" rating in a research note on Friday. Barclays lifted their price target on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday. Stifel Nicolaus reiterated a "buy" rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Finally, UBS Group boosted their target price on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.50.

Insider Buying and Selling

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

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).