Jabil Inc. (NYSE:JBL) Position Increased by iA Global Asset Management Inc.

iA Global Asset Management Inc. grew its position in Jabil Inc. (NYSE:JBL - Free Report) by 1,293.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,120 shares of the technology company's stock after buying an additional 37,241 shares during the period. iA Global Asset Management Inc.'s holdings in Jabil were worth $5,773,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JBL. Magnetar Financial LLC increased its holdings in Jabil by 120.4% in the 4th quarter. Magnetar Financial LLC now owns 5,979 shares of the technology company's stock worth $860,000 after buying an additional 3,266 shares during the period. Teacher Retirement System of Texas increased its holdings in Jabil by 55.7% in the fourth quarter. Teacher Retirement System of Texas now owns 278,651 shares of the technology company's stock valued at $40,098,000 after buying an additional 99,642 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Jabil in the 4th quarter worth about $652,000. Vinva Investment Management Ltd raised its stake in shares of Jabil by 174.4% during the 4th quarter. Vinva Investment Management Ltd now owns 45,748 shares of the technology company's stock worth $6,577,000 after buying an additional 29,075 shares during the period. Finally, Intech Investment Management LLC lifted its holdings in Jabil by 558.4% during the fourth quarter. Intech Investment Management LLC now owns 34,929 shares of the technology company's stock valued at $5,026,000 after purchasing an additional 29,624 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

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Jabil Price Performance

JBL traded down $1.77 during midday trading on Tuesday, reaching $148.20. 1,921,447 shares of the company's stock were exchanged, compared to its average volume of 1,392,244. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The business's 50-day moving average price is $155.89 and its 200 day moving average price is $138.73. The stock has a market capitalization of $16.18 billion, a PE ratio of 14.21, a P/E/G ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.11. The company had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. Jabil's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business earned $1.68 EPS. As a group, equities analysts anticipate that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.08 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. Jabil's dividend payout ratio is currently 7.66%.

Wall Street Analysts Forecast Growth

JBL has been the subject of several research reports. Stifel Nicolaus reaffirmed a "buy" rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays upped their target price 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. boosted their price objective on Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a report on Friday. The Goldman Sachs Group raised their price target on shares of Jabil from $160.00 to $179.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Finally, UBS Group upped 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $167.50.

Insider Activity at Jabil

In other Jabil news, Director John C. Plant sold 50,000 shares of the firm'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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the transaction, the executive vice president now owns 138,472 shares of the company's stock, valued at $20,744,490.32. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,400 shares of company stock valued at $12,804,458. Insiders own 1.73% of the company's stock.

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).