UNICOM Systems Inc. bought a new stake in shares of Jabil Inc. (NYSE:JBL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,403 shares of the technology company's stock, valued at approximately $2,216,000. Jabil comprises about 0.5% of UNICOM Systems Inc.'s investment portfolio, making the stock its 19th largest holding.
Other large investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in shares of Jabil by 12,251.7% in the third quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company's stock valued at $264,391,000 after acquiring an additional 2,188,521 shares during the period. Two Sigma Advisers LP grew its stake in shares of Jabil by 406.5% in the third quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company's stock worth $86,613,000 after purchasing an additional 580,100 shares during the last quarter. FMR LLC increased its holdings in Jabil by 11.3% during 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 during the period. Caisse DE Depot ET Placement DU Quebec raised its position in 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 purchasing an additional 293,801 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its holdings in Jabil by 29.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 574,938 shares of the technology company's stock worth $68,895,000 after buying an additional 129,400 shares during the period. Hedge funds and other institutional investors own 93.39% of the company's stock.
Insider Transactions at Jabil
In related news, Director John C. Plant sold 50,000 shares of the company's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the transaction, the director now directly owns 5,900 shares of the company's stock, valued at approximately $1,018,045. This represents a 89.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction 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 sale, the director now directly owns 12,900 shares of the company's stock, valued at approximately $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 three months, insiders have sold 77,400 shares of company stock valued at $12,804,458. Insiders own 1.73% of the company's stock.
Jabil Stock Up 0.5 %
Shares of Jabil stock traded up $0.90 during trading on Friday, hitting $169.57. The company's stock had a trading volume of 270,184 shares, compared to its average volume of 1,296,413. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The company has a market capitalization of $18.51 billion, a PE ratio of 16.26, a P/E/G ratio of 1.64 and a beta of 1.23. The company has a fifty day simple moving average of $153.20 and a two-hundred day simple moving average of $130.16. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06.
Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter last year, the firm earned $2.60 earnings per share. The business's revenue for the quarter was down 16.6% on a year-over-year basis. Equities research analysts predict that Jabil Inc. will post 8.05 earnings per share for the current year.
Jabil Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil's dividend payout ratio (DPR) is 3.07%.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on JBL. UBS Group boosted their target price on Jabil from $128.00 to $152.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Barclays boosted their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an "overweight" rating in a research report on Friday, December 20th. StockNews.com lowered shares of Jabil from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. The Goldman Sachs Group lifted their target price on shares of Jabil from $136.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.17.
Get Our Latest Stock Report on JBL
About Jabil
(
Free Report)
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).
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