Vinva Investment Management Ltd Increases Stake in Jabil Inc. (NYSE:JBL)

Vinva Investment Management Ltd raised its stake in Jabil Inc. (NYSE:JBL - Free Report) by 174.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,748 shares of the technology company's stock after acquiring an additional 29,075 shares during the period. Vinva Investment Management Ltd's holdings in Jabil were worth $6,577,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bleakley Financial Group LLC raised its holdings in shares of Jabil by 2.2% during the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock valued at $471,000 after purchasing an additional 70 shares during the last quarter. Greenleaf Trust raised its stake in Jabil by 1.3% during the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock valued at $816,000 after buying an additional 72 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of Jabil by 3.3% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company's stock valued at $365,000 after buying an additional 80 shares during the period. Lifestyle Asset Management Inc. boosted its stake in shares of Jabil by 1.0% in the 4th quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company's stock worth $1,384,000 after buying an additional 95 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in shares of Jabil by 1.9% in the fourth quarter. Savant Capital LLC now owns 5,332 shares of the technology company's stock worth $767,000 after acquiring an additional 99 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Remove Ads

Jabil Trading Up 0.8 %

JBL traded up $1.19 on Friday, hitting $145.02. The company had a trading volume of 3,299,699 shares, compared to its average volume of 1,391,993. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The business's fifty day simple moving average is $155.96 and its 200 day simple moving average is $138.15. The company has a market cap of $15.83 billion, a PE ratio of 13.90, a PEG ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL - Get Free Report) last released 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. The firm had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 EPS. Equities research analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil's dividend payout ratio (DPR) is currently 3.07%.

Insiders Place Their Bets

In other news, 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 transaction of $551,718.00. Following the completion of the sale, the director now directly owns 12,900 shares in the company, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. The trade was 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 over the last 90 days. Insiders own 1.73% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on JBL. StockNews.com raised Jabil from a "hold" rating to a "buy" rating in a research report on Friday. UBS Group upped their price target on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday. Stifel Nicolaus reiterated a "buy" rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. JPMorgan Chase & Co. raised their target price on shares of Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Barclays upped their price target on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Jabil has an average rating of "Moderate Buy" and a consensus target price 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).