Jabil Inc. (NYSE:JBL) Shares Acquired by M.D. Sass LLC

M.D. Sass LLC increased its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 417,980 shares of the technology company's stock after purchasing an additional 5,543 shares during the period. Jabil makes up about 4.5% of M.D. Sass LLC's investment portfolio, making the stock its 11th largest position. M.D. Sass LLC owned about 0.38% of Jabil worth $60,147,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of JBL. Meyer Handelman Co. bought a new stake in shares of Jabil in the 4th quarter worth about $7,334,000. Davis Investment Partners LLC bought a new position in shares of Jabil in the 4th quarter valued at about $1,433,000. Truist Financial Corp grew its position in Jabil by 50.4% in the fourth quarter. Truist Financial Corp now owns 12,037 shares of the technology company's stock worth $1,732,000 after acquiring an additional 4,034 shares in the last quarter. Merit Financial Group LLC purchased a new stake in Jabil during the fourth quarter valued at approximately $235,000. Finally, Keybank National Association OH purchased a new stake in Jabil during the fourth quarter valued at approximately $214,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Stock Down 2.5 %

Shares of NYSE:JBL traded down $3.43 during trading hours on Friday, hitting $135.97. The company's stock had a trading volume of 996,341 shares, compared to its average volume of 1,438,985. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The firm's fifty day moving average price is $154.45 and its 200 day moving average price is $139.59. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 13.04, a P/E/G ratio of 1.65 and a beta of 1.19.

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

Jabil Dividend Announcement

The company also recently declared 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. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Tuesday, February 18th. Jabil's payout ratio is 7.66%.

Wall Street Analysts Forecast Growth

JBL has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price target on Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, March 21st. UBS Group upped their price target on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Stifel Nicolaus restated a "buy" rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a report on Friday, March 21st. Finally, Barclays increased their target price on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Jabil currently has an average rating of "Moderate Buy" and a consensus price target of $167.50.

Insider Activity

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the firm'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 directly owns 119,108 shares in the company, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Plant sold 50,000 shares of the company's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the transaction, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,400 shares of company stock worth $12,804,458. Corporate insiders own 1.73% of the company's stock.

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).