LSV Asset Management Has $323.80 Million Position in Jabil Inc. (NYSE:JBL)

LSV Asset Management cut its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,250,163 shares of the technology company's stock after selling 58,172 shares during the quarter. Jabil accounts for about 0.7% of LSV Asset Management's portfolio, making the stock its 28th biggest holding. LSV Asset Management owned about 2.06% of Jabil worth $323,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bleakley Financial Group LLC boosted its holdings in shares of Jabil by 2.2% in the 4th quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock valued at $471,000 after buying an additional 70 shares during the last quarter. Greenleaf Trust grew its position in shares of Jabil by 1.3% in the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock valued at $816,000 after acquiring an additional 72 shares during the period. Resonant Capital Advisors LLC increased 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 purchasing an additional 80 shares during the last quarter. Lifestyle Asset Management Inc. raised its holdings in shares of Jabil by 1.0% in the 4th quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company's stock valued at $1,384,000 after purchasing an additional 95 shares during the period. Finally, Savant Capital LLC lifted its stake in 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 purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

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Analysts Set New Price Targets

Several analysts have issued reports on JBL shares. Barclays upped their price objective 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 dropped their price target on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. UBS Group lifted their price objective on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. increased their price objective on shares of Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. Finally, StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Jabil has a consensus rating of "Moderate Buy" and a consensus price target of $162.00.

Insiders Place Their Bets

In other news, Director John C. Plant sold 50,000 shares of the stock in a transaction dated 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 represents a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction that occurred on Friday, January 31st. The shares were 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 $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.73% of the company's stock.

Jabil Stock Performance

Shares of JBL stock traded up $1.47 on Tuesday, hitting $135.33. The company's stock had a trading volume of 351,853 shares, compared to its average volume of 1,477,455. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The company has a market capitalization of $14.53 billion, a PE ratio of 12.98, a PEG ratio of 1.65 and a beta of 1.12. The stock's 50 day moving average is $145.46 and its 200-day moving average is $141.26. 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 (NYSE:JBL - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.83 by $0.11. The company had revenue of $6.73 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm earned $1.68 earnings per share. Equities research analysts expect that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Tuesday, February 18th. Jabil's dividend payout ratio (DPR) is presently 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).