21,272 Shares in Jabil Inc. (NYSE:JBL) Purchased by Martingale Asset Management L P

Martingale Asset Management L P acquired a new position in shares of Jabil Inc. (NYSE:JBL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,272 shares of the technology company's stock, valued at approximately $3,061,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC increased its holdings in Jabil by 41.6% during the 4th quarter. Advisory Services Network LLC now owns 11,742 shares of the technology company's stock worth $1,690,000 after purchasing an additional 3,449 shares in the last quarter. Renaissance Group LLC acquired a new stake in Jabil in the 4th quarter valued at approximately $38,996,000. Renaissance Technologies LLC lifted its stake in Jabil by 22.2% in the 4th quarter. Renaissance Technologies LLC now owns 154,700 shares of the technology company's stock valued at $22,261,000 after acquiring an additional 28,125 shares in the last quarter. Cerity Partners LLC boosted its position in Jabil by 5.9% during the 4th quarter. Cerity Partners LLC now owns 75,407 shares of the technology company's stock worth $10,706,000 after acquiring an additional 4,168 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Jabil by 8.1% during the 4th quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock worth $796,220,000 after acquiring an additional 416,841 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jabil

In other news, Director Christopher S. Holland sold 3,400 shares of the business'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 completion of the sale, the director now owns 12,900 shares of the company's stock, valued at approximately $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John C. Plant sold 50,000 shares of the company'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 completion of the transaction, the director now owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % 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.

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Jabil Stock Performance

NYSE:JBL traded up $1.80 on Tuesday, hitting $135.66. The company's stock had a trading volume of 284,061 shares, compared to its average volume of 1,477,213. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The firm has a market capitalization of $14.56 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The stock has a fifty day moving average of $145.46 and a two-hundred day moving average of $141.26. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.73 billion for the quarter, compared to analysts' expectations of $6.40 billion. During the same quarter in the prior year, the business earned $1.68 EPS. The firm's revenue for the quarter was down .6% on a year-over-year basis. Research analysts predict that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.24%. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on JBL. Barclays boosted their price objective 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. StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a report on Friday, March 21st. UBS Group lifted their target price on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Stifel Nicolaus reissued a "buy" rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. boosted their price target on Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. One equities research 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 currently has an average rating of "Moderate Buy" and an average target price of $162.00.

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).