Mitsubishi UFJ Trust & Banking Corp Purchases 3,700 Shares of Jabil Inc. (NYSE:JBL)

Mitsubishi UFJ Trust & Banking Corp grew its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,929 shares of the technology company's stock after acquiring an additional 3,700 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.13% of Jabil worth $19,704,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bleakley Financial Group LLC boosted its holdings in Jabil by 2.2% in the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock worth $471,000 after purchasing an additional 70 shares in the last quarter. Greenleaf Trust lifted its position in shares of Jabil by 1.3% in the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock worth $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 acquiring an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. increased its holdings in shares of Jabil by 1.0% during 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 during the last quarter. Finally, Savant Capital LLC raised its stake in shares of Jabil by 1.9% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Remove Ads

Insiders Place Their Bets

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the sale, the executive vice president now directly owns 138,472 shares of the company's stock, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Raymund sold 20,000 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares in the company, valued at approximately $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock worth $12,804,458 over the last 90 days. Corporate insiders own 1.73% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a report on Friday, March 21st. JPMorgan Chase & Co. raised their target price on shares of Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Barclays boosted their target price on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. The Goldman Sachs Group raised their price target on Jabil from $160.00 to $179.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Finally, Stifel Nicolaus reissued 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. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Jabil presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.50.

Jabil Stock Performance

Shares of NYSE:JBL traded up $0.13 on Tuesday, hitting $136.20. 940,641 shares of the company were exchanged, compared to its average volume of 1,439,528. The company's 50 day moving average price is $153.29 and its two-hundred day moving average price is $140.29. The firm has a market capitalization of $14.87 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 1.65 and a beta of 1.19. 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 Inc. has a one year low of $95.85 and a one year high of $174.80.

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. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. During the same quarter in the prior year, the firm posted $1.68 EPS. The company's revenue for the quarter was down .6% on a year-over-year basis. Research analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid 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 yield of 0.23%. Jabil's dividend payout ratio is currently 7.66%.

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).