Mariner LLC Buys 2,327 Shares of Jabil Inc. (NYSE:JBL)

Mariner LLC grew its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 15.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,084 shares of the technology company's stock after purchasing an additional 2,327 shares during the quarter. Mariner LLC's holdings in Jabil were worth $2,458,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Bleakley Financial Group LLC grew its holdings in Jabil by 2.2% during the 4th quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock worth $471,000 after acquiring an additional 70 shares during the period. Greenleaf Trust grew its stake in shares of Jabil by 1.3% during the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock worth $816,000 after purchasing an additional 72 shares during the period. Resonant Capital Advisors LLC increased its holdings in Jabil by 3.3% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company's stock valued at $365,000 after purchasing an additional 80 shares during the last quarter. Lifestyle Asset Management Inc. lifted its stake in Jabil by 1.0% in the fourth quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company's stock valued at $1,384,000 after buying an additional 95 shares during the period. Finally, Savant Capital LLC boosted its holdings in Jabil by 1.9% during the fourth quarter. Savant Capital LLC now owns 5,332 shares of the technology company's stock worth $767,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Buying and Selling

In other news, Director John C. Plant sold 50,000 shares of the business's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the transaction, the director now directly owns 5,900 shares in the company, valued at $1,018,045. The trade was a 89.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the sale, the chairman now owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. This trade represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,400 shares of company stock worth $11,810,418. Corporate insiders own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on JBL shares. The Goldman Sachs Group cut their price target on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. UBS Group lifted their price target 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. lowered their price objective on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Barclays lifted their target price on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. Finally, StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Jabil currently has a consensus rating of "Moderate Buy" and an average price target of $158.50.

Jabil Stock Performance

JBL opened at $133.18 on Wednesday. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. 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 business's 50-day moving average price is $141.46 and its two-hundred day moving average price is $141.69. The company has a market capitalization of $14.30 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 1.65 and a beta of 1.12.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. The business 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 firm's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 earnings per share. Equities analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil's dividend payout ratio is currently 7.66%.

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).

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