Federated Hermes Inc. Buys 2,620 Shares of Jabil Inc. (NYSE:JBL)

Federated Hermes Inc. increased its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,680 shares of the technology company's stock after acquiring an additional 2,620 shares during the quarter. Federated Hermes Inc.'s holdings in Jabil were worth $5,566,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Bleakley Financial Group LLC boosted its position in Jabil by 2.2% during the 4th quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock worth $471,000 after acquiring an additional 70 shares during the last quarter. Greenleaf Trust increased its stake in Jabil by 1.3% in the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock valued at $816,000 after buying an additional 72 shares during the last quarter. Resonant Capital Advisors LLC boosted its stake in shares of Jabil by 3.3% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company's stock worth $365,000 after buying an additional 80 shares during the last quarter. Lifestyle Asset Management Inc. grew its holdings in shares of Jabil by 1.0% in the 4th quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company's stock valued at $1,384,000 after acquiring an additional 95 shares in the last quarter. Finally, Savant Capital LLC increased its position in shares of Jabil by 1.9% in the fourth quarter. Savant Capital LLC now owns 5,332 shares of the technology company's stock valued at $767,000 after acquiring an additional 99 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research firms have weighed in on JBL. JPMorgan Chase & Co. boosted their price target on Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Stifel Nicolaus reissued a "buy" rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. UBS Group upped 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. StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a research report on Friday, March 21st. Finally, The Goldman Sachs Group dropped their target price on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $162.00.

Jabil Stock Performance

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

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

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil's payout ratio is presently 7.66%.

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 transaction of $551,718.00. Following the completion of the sale, the director now 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 hyperlink. Also, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,400 shares of company stock worth $11,810,418. Company insiders own 1.73% of the company's stock.

About Jabil

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).