Jabil Inc. (NYSE:JBL) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 558.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,929 shares of the technology company's stock after purchasing an additional 29,624 shares during the quarter. Intech Investment Management LLC's holdings in Jabil were worth $5,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC increased its stake in shares of Jabil by 5.1% during the fourth quarter. Signaturefd LLC now owns 6,535 shares of the technology company's stock valued at $940,000 after buying an additional 319 shares during the period. Cibc World Markets Corp increased its position in Jabil by 15.6% during the 4th quarter. Cibc World Markets Corp now owns 17,811 shares of the technology company's stock valued at $2,563,000 after purchasing an additional 2,401 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Jabil in the 4th quarter valued at about $3,375,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Jabil in the 4th quarter worth approximately $221,000. Finally, Achmea Investment Management B.V. boosted its stake in shares of Jabil by 1.7% during the fourth quarter. Achmea Investment Management B.V. now owns 40,208 shares of the technology company's stock valued at $5,786,000 after purchasing an additional 691 shares in the last quarter. 93.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JBL. 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 report on Thursday, December 19th. UBS Group increased their price objective on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday. The Goldman Sachs Group raised their price target on shares of Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Finally, Barclays boosted their price objective on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $167.50.

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Insider Activity at Jabil

In other news, Director John C. Plant sold 50,000 shares of the firm's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the sale, the director now directly owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company's stock in a transaction dated Friday, January 3rd. The stock was 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 directly owns 138,472 shares of the company's stock, valued at $20,744,490.32. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is owned by corporate insiders.

Jabil Stock Performance

Shares of JBL stock traded up $1.19 during trading hours on Friday, hitting $145.02. The company's stock had a trading volume of 3,299,699 shares, compared to its average volume of 1,391,993. The stock has a market cap of $15.83 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The company has a 50 day moving average of $155.96 and a 200 day moving average of $138.15. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating the consensus estimate 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%. The firm's revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $1.68 earnings per share. On average, sell-side analysts forecast that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.22%. The ex-dividend date was Tuesday, February 18th. Jabil's dividend payout ratio is currently 3.07%.

Jabil Company 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).