Jabil Inc. (NYSE:JBL) Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 519.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,630 shares of the technology company's stock after purchasing an additional 34,071 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Jabil were worth $5,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of JBL. SBI Securities Co. Ltd. purchased a new stake in Jabil in the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Jabil in the fourth quarter valued at about $29,000. Millstone Evans Group LLC purchased a new stake in shares of Jabil during the fourth quarter worth about $37,000. First Horizon Advisors Inc. raised its position in shares of Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock worth $39,000 after purchasing an additional 130 shares during the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in Jabil in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JBL. JPMorgan Chase & Co. reduced their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. UBS Group lifted their target price on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. The Goldman Sachs Group reduced their target price on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Barclays boosted their price target 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $158.50.

Jabil Trading Up 4.0 %

Jabil stock traded up $5.26 during midday trading on Wednesday, hitting $138.50. 1,260,583 shares of the stock were exchanged, compared to its average volume of 1,473,674. 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 capitalization of $14.87 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 1.65 and a beta of 1.12. The stock's 50-day simple moving average is $140.84 and its 200 day simple moving average is $141.67. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week 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 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.68 EPS. On average, equities analysts anticipate that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Insider Buying and Selling at Jabil

In other news, Director John C. Plant sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the transaction, the director now owns 5,900 shares of the company's stock, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 12,900 shares in the company, valued at approximately $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,400 shares of company stock worth $11,810,418 over the last three months. 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).