Jabil Inc. (NYSE:JBL) Position Boosted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 54.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 53,613 shares of the technology company's stock after acquiring an additional 18,876 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Jabil were worth $7,715,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new position in shares of Jabil in the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Jabil during the fourth quarter worth about $29,000. Millstone Evans Group LLC purchased a new position in shares of Jabil in the 4th quarter worth about $37,000. First Horizon Advisors Inc. grew its holdings in shares of Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock worth $39,000 after purchasing an additional 130 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Jabil by 113.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock worth $43,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Stock Up 1.8 %

JBL traded up $2.45 during trading on Wednesday, hitting $138.87. The company had a trading volume of 912,154 shares, compared to its average volume of 1,438,442. The company has a market cap of $15.16 billion, a PE ratio of 13.31, a P/E/G ratio of 1.65 and a beta of 1.19. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The business has a 50-day moving average of $152.69 and a 200-day moving average of $140.28.

Remove Ads

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion for 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 company's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.68 earnings per share. As a group, analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil's dividend payout ratio is presently 7.66%.

Analyst Ratings Changes

JBL has been the subject of several research reports. StockNews.com upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research note on Friday, March 21st. The Goldman Sachs Group increased their price target on Jabil from $160.00 to $179.00 and gave the company a "buy" rating in a report on Monday, February 24th. JPMorgan Chase & Co. boosted their price objective on Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Stifel Nicolaus reiterated a "buy" rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Finally, UBS Group raised their target price on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, March 21st. One equities 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.com, Jabil presently has an average rating of "Moderate Buy" and an average price target of $167.50.

Insider Buying and Selling at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the firm's stock in a transaction 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 sale, the director now directly owns 119,108 shares in the company, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christopher S. Holland sold 3,400 shares of the company'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 of the company's stock, valued at $2,093,283. This represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 over the last 90 days. Insiders own 1.73% of the company's stock.

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).