Vanguard Group Inc. Has $1.97 Billion Stock Holdings in Jabil Inc. (NYSE:JBL)

Vanguard Group Inc. cut its position in Jabil Inc. (NYSE:JBL - Free Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,682,729 shares of the technology company's stock after selling 186,382 shares during the quarter. Vanguard Group Inc. owned about 12.53% of Jabil worth $1,968,945,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Two Sigma Advisers LP increased its stake in shares of Jabil by 406.5% during the 3rd 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 grew its holdings in Jabil by 11.3% during the third quarter. FMR LLC now owns 5,116,308 shares of the technology company's stock worth $613,087,000 after purchasing an additional 520,672 shares during the period. Raymond James Financial Inc. acquired a new position in Jabil during the fourth quarter worth approximately $43,312,000. Caisse DE Depot ET Placement DU Quebec raised its stake in Jabil by 595.5% in the third 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 period. Finally, Victory Capital Management Inc. lifted its position in shares of Jabil by 50.8% in the fourth quarter. Victory Capital Management Inc. now owns 627,041 shares of the technology company's stock valued at $90,231,000 after buying an additional 211,168 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

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

Jabil Stock Performance

NYSE:JBL traded up $0.23 during mid-day trading on Monday, reaching $136.22. 1,537,472 shares of the company's stock were exchanged, compared to its average volume of 1,439,378. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The business's fifty day simple moving average is $153.92 and its two-hundred day simple moving average is $140.07. The firm has a market capitalization of $14.87 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm earned $1.68 earnings per share. Analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced 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 0.23%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil's dividend payout ratio (DPR) is currently 7.66%.

Wall Street Analyst Weigh In

JBL has been the topic of a number of research analyst reports. Stifel Nicolaus restated a "buy" rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays increased their price objective on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. The Goldman Sachs Group lifted their target price on shares of Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a report on Monday, February 24th. UBS Group increased their price target on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Jabil currently has a consensus rating of "Moderate Buy" and an average price target of $167.50.

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).