Ossiam Acquires 57,003 Shares of Jabil Inc. (NYSE:JBL)

Ossiam raised its stake in Jabil Inc. (NYSE:JBL - Free Report) by 1,012.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,631 shares of the technology company's stock after buying an additional 57,003 shares during the quarter. Ossiam owned about 0.06% of Jabil worth $9,013,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in Jabil during the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Jabil during the fourth quarter valued at approximately $29,000. Millstone Evans Group LLC acquired a new stake in shares of Jabil in the 4th quarter valued at approximately $37,000. First Horizon Advisors Inc. grew its stake in shares of Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after buying an additional 130 shares in the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in Jabil during the fourth quarter worth $43,000. Institutional investors own 93.39% of the company's stock.

Wall Street Analyst Weigh In

JBL has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their target price on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. StockNews.com cut shares of Jabil from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. UBS Group increased their target price on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. dropped their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Barclays upped their price target on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Jabil has a consensus rating of "Moderate Buy" and an average price target of $158.50.

Insider Transactions at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the sale, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This trade represents a 1.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the transaction, the director now owns 12,900 shares in the company, valued at $2,093,283. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,400 shares of company stock worth $11,810,418 in the last quarter. 1.73% of the stock is currently owned by corporate insiders.

Jabil Stock Up 4.9 %

Shares of JBL traded up $6.74 during trading hours on Thursday, reaching $145.23. The stock had a trading volume of 475,086 shares, compared to its average volume of 1,469,835. The firm has a 50-day simple moving average of $140.84 and a 200 day simple moving average of $141.67. Jabil Inc. has a 12 month low of $95.85 and a 12 month 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 company has a market capitalization of $15.59 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 1.65 and a beta of 1.12.

Jabil (NYSE:JBL - Get Free Report) last posted its 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 company had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.68 earnings per share. Equities research analysts predict that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil's dividend payout ratio is 7.66%.

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).