Mizuho Securities USA LLC Boosts Holdings in Jabil Inc. (NYSE:JBL)

Mizuho Securities USA LLC raised its stake in Jabil Inc. (NYSE:JBL - Free Report) by 45.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,695 shares of the technology company's stock after buying an additional 3,339 shares during the quarter. Mizuho Securities USA LLC's holdings in Jabil were worth $1,539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in JBL. SBI Securities Co. Ltd. purchased a new stake in Jabil during the 4th quarter worth about $27,000. Millstone Evans Group LLC purchased a new stake in shares of Jabil during the fourth quarter worth approximately $37,000. First Horizon Advisors Inc. increased its stake in shares of Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock worth $39,000 after buying an additional 130 shares during the period. Smartleaf Asset Management LLC raised its holdings in Jabil by 113.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock valued at $43,000 after acquiring an additional 158 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in Jabil in the fourth quarter worth approximately $43,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on JBL shares. StockNews.com raised Jabil from a "hold" rating to a "buy" rating in a report on Friday, March 21st. JPMorgan Chase & Co. raised their target price on Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Barclays upped their price target on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. The Goldman Sachs Group raised their price objective on shares of Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Finally, Stifel Nicolaus restated a "buy" rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $167.50.

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Jabil Stock Performance

Shares of Jabil stock traded down $3.43 during trading on Friday, reaching $135.97. The company's stock had a trading volume of 996,341 shares, compared to its average volume of 1,438,985. The company has a 50-day moving average price of $154.45 and a two-hundred day moving average price of $139.59. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The firm has a market cap of $14.84 billion, a PE ratio of 13.04, a P/E/G ratio of 1.65 and a beta of 1.19. 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 announced its earnings results 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 business had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.68 earnings per share. On average, analysts forecast that Jabil Inc. will post 8.05 EPS 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 dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Tuesday, February 18th. Jabil's dividend payout ratio is currently 7.66%.

Insider Transactions at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the business's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 in the company, valued at $2,093,283. This trade represents a 20.86 % 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 in the last quarter. 1.73% of the stock is currently owned by corporate insiders.

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).