Mesirow Institutional Investment Management Inc. Buys New Position in Jabil Inc. (NYSE:JBL)

Mesirow Institutional Investment Management Inc. acquired a new position in shares of Jabil Inc. (NYSE:JBL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,332 shares of the technology company's stock, valued at approximately $2,926,000.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in Jabil by 70,781.4% in the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock worth $835,876,000 after buying an additional 5,800,535 shares in the last quarter. Norges Bank bought a new stake in shares of Jabil during the fourth quarter valued at about $218,430,000. FMR LLC grew its position in Jabil by 8.1% in the 4th quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock valued at $796,220,000 after buying an additional 416,841 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Jabil during the 4th quarter valued at about $43,312,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Jabil by 18.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company's stock worth $270,187,000 after acquiring an additional 288,806 shares during the period. Institutional investors own 93.39% of the company's stock.

Jabil Stock Up 0.4 %

Shares of JBL stock traded up $0.54 during trading on Friday, hitting $146.67. 1,049,520 shares of the company were exchanged, compared to its average volume of 1,472,070. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. 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 firm has a market capitalization of $15.74 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 1.65 and a beta of 1.12. The business's 50-day simple moving average is $140.37 and its 200 day simple moving average is $141.83.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) 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 firm had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. During the same quarter last year, the firm earned $1.68 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts forecast that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a $0.08 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. Jabil's dividend payout ratio is currently 7.66%.

Insider Transactions at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the transaction, the chairman now directly owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. The trade was a 1.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the transaction, the director now owns 12,900 shares in the company, valued at approximately $2,093,283. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on JBL shares. UBS Group upped their target price on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Barclays raised their price objective on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research report 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 report on Thursday, April 10th. JPMorgan Chase & Co. decreased their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. 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 given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $158.50.

Jabil Company 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).