Mirabella Financial Services LLP Makes New Investment in Jabil Inc. (NYSE:JBL)

Mirabella Financial Services LLP 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 disclosure with the Securities & Exchange Commission. The firm acquired 13,842 shares of the technology company's stock, valued at approximately $1,992,000.

A number of other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of Jabil by 70,781.4% during the fourth quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock worth $835,876,000 after purchasing an additional 5,800,535 shares during the last quarter. Norges Bank bought a new stake in Jabil during the 4th quarter worth about $218,430,000. FMR LLC grew its holdings in 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in Jabil in the 4th quarter valued at about $43,312,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Jabil by 18.2% in the fourth 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 last quarter. Institutional investors own 93.39% of the company's stock.

Insider Activity

In other news, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction dated 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 sale, the chairman now directly owns 1,730,192 shares in the company, valued at $227,624,059.52. The trade was a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction dated Friday, January 31st. The stock was 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 approximately $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,400 shares of company stock worth $11,810,418 in the last 90 days. Corporate insiders own 1.73% of the company's stock.

Jabil Trading Up 4.0 %

Shares of JBL stock traded up $5.26 on Wednesday, reaching $138.50. The company had a trading volume of 1,260,583 shares, compared to its average volume of 1,473,674. The company has a 50-day moving average of $140.84 and a 200-day moving average of $141.67. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The stock has a market cap of $14.87 billion, a PE ratio of 13.28, a PEG ratio of 1.65 and a beta of 1.12. 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 earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period last year, the business posted $1.68 earnings per share. The business's revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Thursday, May 15th. Jabil's dividend payout ratio is currently 7.66%.

Analyst Ratings Changes

A number of brokerages recently weighed in on JBL. StockNews.com lowered shares of Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. The Goldman Sachs Group lowered their price objective on Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. UBS Group upped their target price on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Barclays lifted their price target 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Jabil currently has an average rating of "Moderate Buy" and a consensus price target of $158.50.

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).