ExodusPoint Capital Management LP Makes New Investment in Jabil Inc. (NYSE:JBL)

ExodusPoint Capital Management LP purchased a new stake in Jabil Inc. (NYSE:JBL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 116,536 shares of the technology company's stock, valued at approximately $16,770,000. ExodusPoint Capital Management LP owned 0.11% of Jabil at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Meyer Handelman Co. acquired a new stake in Jabil in the fourth quarter worth about $7,334,000. Davis Investment Partners LLC acquired a new stake in shares of Jabil in the 4th quarter worth approximately $1,433,000. Truist Financial Corp boosted its holdings in shares of Jabil by 50.4% in the fourth quarter. Truist Financial Corp now owns 12,037 shares of the technology company's stock valued at $1,732,000 after acquiring an additional 4,034 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of Jabil during the fourth quarter valued at approximately $235,000. Finally, Keybank National Association OH bought a new stake in Jabil during the fourth quarter worth approximately $214,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Jabil Stock Performance

Shares of NYSE JBL traded up $17.19 during trading hours on Wednesday, hitting $137.54. 2,983,193 shares of the stock were exchanged, compared to its average volume of 1,472,875. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The company's 50 day moving average is $147.20 and its 200 day moving average is $140.82. 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 firm has a market capitalization of $15.02 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.65 and a beta of 1.12.

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Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $6.40 billion. During the same period in the prior year, the company earned $1.68 earnings per share. The business's quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil's dividend payout ratio is 7.66%.

Insider Transactions at Jabil

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of the business'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 transaction, the director now directly owns 12,900 shares in the company, valued at $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Plant sold 50,000 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the sale, the director now owns 5,900 shares in the company, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,400 shares of company stock valued at $12,205,218. Company insiders own 1.73% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on JBL shares. UBS Group increased their target price on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Barclays raised their price objective on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Stifel Nicolaus reaffirmed a "buy" rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. The Goldman Sachs Group increased their price target on Jabil from $160.00 to $179.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Finally, StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a report on Friday, March 21st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Jabil currently has an average rating of "Moderate Buy" and a consensus price target of $167.50.

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).