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

Envestnet Asset Management Inc. raised its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 371.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 224,851 shares of the technology company's stock after purchasing an additional 177,206 shares during the period. Envestnet Asset Management Inc. owned 0.21% of Jabil worth $32,356,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of JBL. Integrated Wealth Concepts LLC purchased a new position in shares of Jabil during the third quarter valued at approximately $223,000. Nomura Asset Management Co. Ltd. grew its position in shares of Jabil by 0.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 34,737 shares of the technology company's stock valued at $4,163,000 after purchasing an additional 233 shares during the period. Barclays PLC grew its holdings in Jabil by 33.5% in the 3rd quarter. Barclays PLC now owns 327,969 shares of the technology company's stock valued at $39,300,000 after buying an additional 82,312 shares during the period. Toronto Dominion Bank boosted its position in Jabil by 2.8% during the 3rd quarter. Toronto Dominion Bank now owns 41,906 shares of the technology company's stock worth $5,022,000 after purchasing an additional 1,146 shares during the period. Finally, Virtu Financial LLC raised its position in Jabil by 157.9% in the third quarter. Virtu Financial LLC now owns 15,091 shares of the technology company's stock valued at $1,808,000 after purchasing an additional 9,239 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Jabil

In other news, Director Christopher S. Holland sold 3,400 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the sale, the director now directly owns 12,900 shares of the company's stock, valued at approximately $2,093,283. This represents a 20.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the transaction, the chairman now owns 1,730,192 shares in the company, valued at $227,624,059.52. This represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,400 shares of company stock worth $11,810,418 in the last three months. 1.73% of the stock is owned by company insiders.

Jabil Stock Performance

Shares of Jabil stock traded up $1.61 during trading hours on Tuesday, reaching $135.47. The company's stock had a trading volume of 1,202,949 shares, compared to its average volume of 1,480,775. The stock has a market cap of $14.54 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The company's 50 day simple moving average is $145.46 and its 200 day simple moving average is $141.26. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06.

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 (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter last year, the business posted $1.68 EPS. The business's revenue was down .6% on a year-over-year basis. As a group, analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil's dividend payout ratio (DPR) is 7.66%.

Analysts Set New Price Targets

Several brokerages recently commented on JBL. The Goldman Sachs Group dropped their target price on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. boosted their price objective on shares of Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. StockNews.com raised Jabil from a "hold" rating to a "buy" rating in a research report on Friday, March 21st. Stifel Nicolaus restated 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. Finally, UBS Group raised their price target on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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).