Jabil Inc. (NYSE:JBL) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 55.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 278,651 shares of the technology company's stock after buying an additional 99,642 shares during the quarter. Teacher Retirement System of Texas owned about 0.26% of Jabil worth $40,098,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in Jabil during the 4th quarter worth about $27,000. Brooklyn Investment Group acquired a new stake in shares of Jabil during the 3rd quarter worth about $39,000. First Horizon Advisors Inc. grew its holdings 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 in the last quarter. GHP Investment Advisors Inc. acquired a new position in shares of Jabil in the fourth quarter valued at approximately $43,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Jabil by 113.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock valued at $43,000 after buying an additional 158 shares during the period. Hedge funds and other institutional investors own 93.39% of the company's stock.

Insider Buying and Selling at Jabil

In related news, Director John C. Plant sold 50,000 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the transaction, the director now owns 5,900 shares in the company, valued at $1,018,045. This represents a 89.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 138,472 shares of the company's stock, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock valued at $12,804,458 in the last ninety days. Insiders own 1.73% of the company's stock.

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Analyst Upgrades and Downgrades

JBL has been the subject of several analyst reports. Barclays boosted their price target on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday. JPMorgan Chase & Co. increased their target price on Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday. StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a report on Friday. UBS Group increased their price objective on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday. Finally, The Goldman Sachs Group upped their price target on shares of Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $167.50.

Jabil Trading Down 1.2 %

NYSE JBL traded down $1.77 during mid-day trading on Tuesday, hitting $148.20. The company's stock had a trading volume of 1,921,447 shares, compared to its average volume of 1,392,244. 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 52-week low of $95.85 and a 52-week high of $174.80. The stock's fifty day simple moving average is $155.89 and its two-hundred day simple moving average is $138.73. The firm has a market capitalization of $16.18 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL - Get Free Report) last posted its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the previous year, the business posted $1.68 EPS. The business's quarterly revenue was down .6% on a year-over-year basis. Research analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The company also recently disclosed 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 0.22%. Jabil's dividend payout ratio is currently 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).