Nomura Asset Management Co. Ltd. Acquires 18,876 Shares of Jabil Inc. (NYSE:JBL)

Nomura Asset Management Co. Ltd. lifted its position in Jabil Inc. (NYSE:JBL - Free Report) by 54.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,613 shares of the technology company's stock after purchasing an additional 18,876 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Jabil were worth $7,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in Jabil by 23.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 91,895 shares of the technology company's stock worth $11,012,000 after buying an additional 17,411 shares in the last quarter. CreativeOne Wealth LLC raised its stake in Jabil by 29.0% during the 3rd quarter. CreativeOne Wealth LLC now owns 3,969 shares of the technology company's stock valued at $476,000 after purchasing an additional 892 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Jabil by 15.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 903,526 shares of the technology company's stock worth $108,270,000 after purchasing an additional 118,376 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Jabil by 6.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 4,926 shares of the technology company's stock worth $590,000 after purchasing an additional 300 shares during the period. Finally, Verition Fund Management LLC grew its holdings in Jabil by 102.6% during the 3rd quarter. Verition Fund Management LLC now owns 43,633 shares of the technology company's stock valued at $5,229,000 after buying an additional 22,092 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Trading Down 5.2 %

JBL traded down $6.36 on Friday, hitting $117.13. The company had a trading volume of 3,385,071 shares, compared to its average volume of 1,454,752. The business's fifty day simple moving average is $150.60 and its 200 day simple moving average is $140.47. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The company has a market cap of $12.79 billion, a PE ratio of 11.23, a PEG ratio of 1.65 and a beta of 1.12.

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, topping 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 in the previous year, the business earned $1.68 EPS. The company's quarterly revenue was down .6% on a year-over-year basis. Equities research analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. Jabil's dividend payout ratio is 7.66%.

Analyst Ratings Changes

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

Insider Transactions at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the transaction, the director now owns 119,108 shares of the company's stock, valued at $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction on Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the sale, the director now directly owns 12,900 shares of the company's stock, valued at approximately $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. Over the last three months, insiders have sold 73,400 shares of company stock worth $12,205,218. 1.73% of the stock is currently owned by company insiders.

Jabil 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).