Fmr LLC Boosts Holdings in Jabil Inc. (NYSE:JBL)

FMR LLC lifted its position in Jabil Inc. (NYSE:JBL - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,533,149 shares of the technology company's stock after purchasing an additional 416,841 shares during the period. FMR LLC owned about 5.07% of Jabil worth $796,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in Jabil by 70,781.4% in the fourth quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock valued at $835,876,000 after purchasing an additional 5,800,535 shares during the period. Norges Bank purchased a new position in shares of Jabil during the 4th quarter valued at approximately $218,430,000. Raymond James Financial Inc. purchased a new position in shares of Jabil during the 4th quarter valued at approximately $43,312,000. JPMorgan Chase & Co. increased its holdings 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 acquiring an additional 288,806 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Jabil by 50.8% during the fourth quarter. Victory Capital Management Inc. now owns 627,041 shares of the technology company's stock worth $90,231,000 after acquiring an additional 211,168 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jabil

In other news, Director John C. Plant sold 50,000 shares of the business's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the sale, the director now directly owns 5,900 shares of the company's stock, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their position. The transaction was disclosed in a legal filing 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 that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the transaction, the director now owns 12,900 shares in the company, valued at approximately $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.73% of the company's stock.

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Jabil Price Performance

Shares of NYSE:JBL traded down $0.19 during midday trading on Friday, hitting $131.85. The company had a trading volume of 1,688,307 shares, compared to its average volume of 1,483,097. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. 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 business's 50-day simple moving average is $146.05 and its 200-day simple moving average is $141.18.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. The business had revenue of $6.73 billion during 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 company's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company earned $1.68 EPS. On average, research analysts predict that Jabil Inc. will post 8.05 earnings per share 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 $0.08 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. Jabil's dividend payout ratio (DPR) is 7.66%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on JBL shares. 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 note on Friday, March 21st. The Goldman Sachs Group cut their price objective on Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research note on Thursday. StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a research report on Friday, March 21st. Barclays boosted their price target on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $162.00.

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).