Lightrock Netherlands B.V. Makes New $13.52 Million Investment in Jabil Inc. (NYSE:JBL)

Lightrock Netherlands B.V. bought a new stake in shares of Jabil Inc. (NYSE:JBL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 93,499 shares of the technology company's stock, valued at approximately $13,521,000. Jabil makes up about 4.7% of Lightrock Netherlands B.V.'s investment portfolio, making the stock its 3rd biggest position. Lightrock Netherlands B.V. owned approximately 0.09% of Jabil as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in JBL. FMR LLC increased its holdings in Jabil by 11.3% in the 3rd quarter. FMR LLC now owns 5,116,308 shares of the technology company's stock worth $613,087,000 after acquiring an additional 520,672 shares in the last quarter. Primecap Management Co. CA increased its holdings in Jabil by 0.3% in the 3rd quarter. Primecap Management Co. CA now owns 3,692,560 shares of the technology company's stock worth $442,479,000 after acquiring an additional 9,685 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Jabil by 12,251.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company's stock worth $264,391,000 after acquiring an additional 2,188,521 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Jabil by 15.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 903,526 shares of the technology company's stock worth $108,270,000 after acquiring an additional 118,376 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Jabil by 406.5% in the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company's stock worth $86,613,000 after acquiring an additional 580,100 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

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Jabil Trading Up 0.6 %

Shares of JBL stock traded up $0.93 on Friday, hitting $169.60. 604,608 shares of the stock traded hands, compared to its average volume of 1,308,224. The firm's 50-day moving average price is $153.88 and its two-hundred day moving average price is $130.58. 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 stock has a market capitalization of $18.52 billion, a PE ratio of 16.26, a PEG ratio of 1.64 and a beta of 1.23. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.12. The firm had revenue of $6.99 billion for the quarter, compared to analysts' expectations of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company's revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.60 EPS. As a group, analysts anticipate that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.19%. Jabil's payout ratio is 3.07%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barclays boosted their price target on shares of Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a report on Friday, December 20th. UBS Group lifted their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. The Goldman Sachs Group lifted their target price on shares of Jabil from $136.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. StockNews.com cut shares of Jabil from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $153.17.

Insider Activity

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the transaction, the director now owns 12,900 shares of the company's stock, valued at $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the business's stock in a transaction dated 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 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 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 currently owned by insiders.

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).