Meeder Asset Management Inc. Purchases 3,224 Shares of Jabil Inc. (NYSE:JBL)

Meeder Asset Management Inc. lifted its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 37.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,859 shares of the technology company's stock after purchasing an additional 3,224 shares during the period. Meeder Asset Management Inc.'s holdings in Jabil were worth $1,707,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of JBL. The Manufacturers Life Insurance Company lifted its holdings in Jabil by 23.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 91,895 shares of the technology company's stock worth $11,012,000 after buying an additional 17,411 shares in the last quarter. CreativeOne Wealth LLC raised its position in shares of Jabil by 29.0% during the third quarter. CreativeOne Wealth LLC now owns 3,969 shares of the technology company's stock worth $476,000 after acquiring an additional 892 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Jabil by 7.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 95,660 shares of the technology company's stock valued at $11,463,000 after acquiring an additional 6,436 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Jabil by 15.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 903,526 shares of the technology company's stock valued at $108,270,000 after acquiring an additional 118,376 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its position in Jabil by 6.5% in the third quarter. Public Sector Pension Investment Board now owns 4,926 shares of the technology company's stock worth $590,000 after purchasing an additional 300 shares during the period. 93.39% of the stock is owned by institutional investors.

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Insider Activity at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the sale, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the transaction, the director now owns 12,900 shares of the company's stock, valued at $2,093,283. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,400 shares of company stock valued at $12,804,458. 1.73% of the stock is owned by insiders.

Jabil Stock Up 1.8 %

NYSE JBL traded up $2.45 during trading hours on Wednesday, reaching $138.87. 912,154 shares of the company's stock were exchanged, compared to its average volume of 1,437,435. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The company has a market capitalization of $15.16 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. The company's 50-day moving average is $153.29 and its two-hundred day moving average is $140.29. 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 issued its quarterly earnings data 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. The company had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm's revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.68 earnings per share. On average, analysts forecast that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued 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 0.23%. Jabil's payout ratio is presently 7.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on JBL shares. StockNews.com upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research report on Friday, March 21st. Stifel Nicolaus reaffirmed a "buy" rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Barclays increased their price target on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. The Goldman Sachs Group lifted their price objective on Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. upped their price target on Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. One 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 has a consensus rating of "Moderate Buy" and a consensus price target of $167.50.

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).