Jabil Inc. (NYSE:JBL) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 9.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 367,642 shares of the technology company's stock after buying an additional 33,147 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.33% of Jabil worth $44,055,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in Jabil by 12,251.7% during the third quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company's stock valued at $264,391,000 after purchasing an additional 2,188,521 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Jabil during the 2nd quarter worth about $78,660,000. AQR Capital Management LLC lifted its stake in Jabil by 195.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company's stock valued at $115,404,000 after buying an additional 702,199 shares in the last quarter. 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 buying an additional 580,100 shares during the last quarter. Finally, FMR LLC increased its stake in Jabil by 11.3% during the 3rd quarter. FMR LLC now owns 5,116,308 shares of the technology company's stock worth $613,087,000 after buying an additional 520,672 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Trading Up 0.7 %

Jabil stock traded up $0.94 during midday trading on Wednesday, hitting $133.69. 661,499 shares of the stock were exchanged, compared to its average volume of 1,417,551. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The stock's 50-day simple moving average is $128.67 and its 200 day simple moving average is $117.23. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The stock has a market capitalization of $15.09 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 1.59 and a beta of 1.25.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.22 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business's revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.34 EPS. On average, equities analysts anticipate that Jabil Inc. will post 7.89 EPS for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.32 annualized dividend and a yield of 0.24%. Jabil's dividend payout ratio (DPR) is currently 2.90%.

Insider Buying and Selling at Jabil

In related news, EVP Matthew Crowley sold 1,380 shares of the business's stock in a transaction on Friday, October 18th. The stock was sold at an average price of $125.83, for a total value of $173,645.40. Following the sale, the executive vice president now owns 18,568 shares in the company, valued at approximately $2,336,411.44. The trade was a 6.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the business's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the sale, the director now owns 139,108 shares in the company, valued at $17,346,767.60. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,689 shares of company stock valued at $5,377,431 over the last 90 days. 2.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In

JBL has been the topic of a number of research analyst reports. StockNews.com raised Jabil from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. lowered their target price on shares of Jabil from $137.00 to $133.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 3rd. Barclays increased their target price on shares of Jabil from $135.00 to $157.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. Stifel Nicolaus boosted their price target on shares of Jabil from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Finally, Bank of America increased their price objective on shares of Jabil from $135.00 to $150.00 and gave the company a "buy" rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $145.17.

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).