Farringdon Capital Ltd. Takes $318,000 Position in Jabil Inc. (NYSE:JBL)

Farringdon Capital Ltd. acquired a new stake in Jabil Inc. (NYSE:JBL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,207 shares of the technology company's stock, valued at approximately $318,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JBL. Wellington Management Group LLP raised its stake in Jabil by 70,781.4% in the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock valued at $835,876,000 after acquiring an additional 5,800,535 shares during the period. Norges Bank bought a new position in shares of Jabil in the fourth quarter valued at approximately $218,430,000. FMR LLC grew its stake in Jabil by 8.1% during the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock valued at $796,220,000 after acquiring an additional 416,841 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Jabil during the 4th quarter worth approximately $43,312,000. Finally, JPMorgan Chase & Co. lifted its stake in Jabil by 18.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company's stock worth $270,187,000 after purchasing an additional 288,806 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the transaction, the chairman now directly owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now directly owns 12,900 shares of the company's stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,400 shares of company stock valued at $11,810,418. Company insiders own 1.73% of the company's stock.

Jabil Stock Performance

Shares of JBL stock traded up $6.39 during mid-day trading on Thursday, reaching $144.88. 279,385 shares of the company's stock traded hands, compared to its average volume of 1,453,167. 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 market capitalization of $15.55 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The firm has a 50 day moving average price of $140.84 and a two-hundred day moving average price of $141.67.

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 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 return on equity of 41.87% and a net margin of 4.71%. Jabil's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 earnings per share. On average, research analysts forecast that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

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 paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Thursday, May 15th. Jabil's dividend payout ratio (DPR) is 7.66%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JBL. Barclays raised their price target on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. UBS Group boosted their price target on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. The Goldman Sachs Group lowered their price objective on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. lowered their price objective on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, StockNews.com cut Jabil from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $158.50.

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).