Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in Jabil Inc. (NYSE:JBL)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 186,373 shares of the technology company's stock after purchasing an additional 8,291 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.17% of Jabil worth $27,893,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Two Sigma Advisers LP increased its stake in shares of Jabil by 406.5% during the third quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company's stock worth $86,613,000 after purchasing an additional 580,100 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Jabil in the 4th quarter worth about $43,312,000. Caisse DE Depot ET Placement DU Quebec increased its stake in Jabil by 595.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company's stock worth $41,118,000 after buying an additional 293,801 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Jabil by 50.8% during the fourth quarter. Victory Capital Management Inc. now owns 627,041 shares of the technology company's stock valued at $90,231,000 after acquiring an additional 211,168 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in shares of Jabil by 511.3% in the fourth quarter. Handelsbanken Fonder AB now owns 198,348 shares of the technology company's stock worth $28,542,000 after acquiring an additional 165,900 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Jabil

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of the company's stock in a transaction on 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 directly owns 12,900 shares in the company, valued at $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Plant sold 50,000 shares of the firm's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following 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 disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock valued at $12,804,458 over the last 90 days. 1.73% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. UBS Group increased 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. Stifel Nicolaus restated 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. Barclays increased their price objective on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Finally, StockNews.com upgraded 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $167.50.

Jabil Trading Up 1.8 %

JBL stock traded up $2.45 during trading on Wednesday, reaching $138.87. 912,111 shares of the stock were exchanged, compared to its average volume of 1,437,435. The business has a 50 day moving average price of $153.29 and a 200-day moving average price of $140.29. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 1.65 and a beta of 1.19.

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

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.08 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.23%. Jabil's dividend payout ratio (DPR) is currently 7.66%.

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).