Jabil Inc. (NYSE:JBL) Shares Purchased by Sciencast Management LP

Sciencast Management LP raised its stake in Jabil Inc. (NYSE:JBL - Free Report) by 32.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,982 shares of the technology company's stock after purchasing an additional 4,893 shares during the quarter. Sciencast Management LP's holdings in Jabil were worth $2,875,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of JBL. Two Sigma Advisers LP boosted its holdings in Jabil by 406.5% in the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company's stock worth $86,613,000 after acquiring an additional 580,100 shares during the period. FMR LLC raised its position in shares of Jabil by 11.3% in the 3rd quarter. FMR LLC now owns 5,116,308 shares of the technology company's stock valued at $613,087,000 after purchasing an additional 520,672 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Jabil during the 4th quarter valued at approximately $43,312,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of 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 valued at $41,118,000 after buying an additional 293,801 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position 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 worth $90,231,000 after buying an additional 211,168 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

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Insider Transactions at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the firm's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the transaction, the executive vice president now directly owns 138,472 shares of the company's stock, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the sale, the director now directly owns 12,900 shares of the company's stock, valued at $2,093,283. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,400 shares of company stock worth $12,804,458. Insiders own 1.73% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Jabil from $160.00 to $179.00 and gave the company a "buy" rating in a report on Monday, February 24th. Stifel Nicolaus restated 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. JPMorgan Chase & Co. lifted their price target on Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Barclays boosted their price objective on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Finally, StockNews.com raised Jabil from a "hold" rating to a "buy" rating in a report on Friday, March 21st. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $167.50.

Jabil Stock Performance

Shares of NYSE:JBL traded down $4.41 during trading on Wednesday, reaching $143.88. 1,539,662 shares of the company's stock traded hands, compared to its average volume of 1,396,194. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The company has a 50 day moving average of $155.73 and a 200-day moving average of $139.06. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The stock has a market capitalization of $15.71 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share 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 business had revenue of $6.73 billion for the quarter, compared to analysts' expectations of $6.40 billion. During the same period in the prior year, the firm earned $1.68 EPS. The business's quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil's dividend payout ratio (DPR) is 7.66%.

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).