Jabil Inc. (NYSE:JBL) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 21.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,008 shares of the technology company's stock after purchasing an additional 10,026 shares during the period. Asset Management One Co. Ltd.'s holdings in Jabil were worth $6,711,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. National Pension Service purchased a new stake in Jabil in the third quarter valued at approximately $2,794,000. Intact Investment Management Inc. acquired a new stake in shares of Jabil in the third quarter valued at approximately $70,000. Van ECK Associates Corp lifted its holdings in Jabil by 6.0% in the third quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company's stock worth $195,000 after purchasing an additional 90 shares during the period. Farther Finance Advisors LLC boosted its stake in Jabil by 31.3% during the third quarter. Farther Finance Advisors LLC now owns 1,081 shares of the technology company's stock valued at $130,000 after buying an additional 258 shares in the last quarter. Finally, AustralianSuper Pty Ltd bought a new position in shares of Jabil in the third quarter valued at $7,823,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Jabil Trading Down 1.1 %

NYSE JBL traded down $1.55 during trading on Friday, hitting $135.75. 936,572 shares of the company's stock traded hands, compared to its average volume of 1,180,335. The firm has a market cap of $15.32 billion, a P/E ratio of 12.32, a PEG ratio of 1.62 and a beta of 1.24. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $156.94. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. The stock has a fifty day moving average of $118.51 and a two-hundred day moving average of $114.99.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm's quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.34 earnings per share. As a group, sell-side analysts expect that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil's dividend payout ratio is presently 2.90%.

Insider Transactions at Jabil

In related news, SVP Francis Mckay sold 11,755 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the sale, the senior vice president now owns 41,507 shares of the company's stock, valued at $5,051,816.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Matthew Crowley sold 1,380 shares of the company's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the transaction, the executive vice president now directly owns 18,568 shares in the company, valued at approximately $2,336,411.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of the firm's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the sale, the senior vice president now owns 41,507 shares in the company, valued at $5,051,816.97. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,689 shares of company stock worth $5,377,431. 2.62% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Bank of America upped their price target on shares of Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Barclays lifted their target price on shares of Jabil from $135.00 to $157.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Stifel Nicolaus upped their price target on Jabil from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Jabil from $137.00 to $133.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $143.50.

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).