WINTON GROUP Ltd Increases Holdings in Jabil Inc. (NYSE:JBL)

WINTON GROUP Ltd boosted its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 352.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,544 shares of the technology company's stock after purchasing an additional 33,140 shares during the quarter. WINTON GROUP Ltd's holdings in Jabil were worth $6,122,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. FMR LLC increased its position 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 buying an additional 520,672 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Jabil by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,045,213 shares of the technology company's stock worth $150,406,000 after purchasing an additional 10,541 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Jabil by 15.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 903,526 shares of the technology company's stock valued at $108,270,000 after purchasing an additional 118,376 shares during the last quarter. Two Sigma Advisers LP increased its stake in Jabil by 406.5% during the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company's stock valued at $86,613,000 after purchasing an additional 580,100 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Jabil by 50.8% in the fourth quarter. Victory Capital Management Inc. now owns 627,041 shares of the technology company's stock worth $90,231,000 after buying an additional 211,168 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

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Jabil Stock Performance

Shares of JBL traded down $1.09 during trading hours on Monday, hitting $134.90. The stock had a trading volume of 224,235 shares, compared to its average volume of 1,377,204. The firm has a market capitalization of $14.73 billion, a PE ratio of 12.95, a PEG ratio of 1.65 and a beta of 1.19. 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 12 month low of $95.85 and a 12 month high of $174.80. The stock has a fifty day moving average price of $154.45 and a 200 day moving average price of $139.84.

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

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.08 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.24%. Jabil's payout ratio is presently 7.66%.

Insider Activity

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the sale, the director now owns 119,108 shares in the company, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 12,900 shares of the company's stock, valued at approximately $2,093,283. The trade was a 20.86 % 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 90 days. Company insiders own 1.73% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on JBL shares. Barclays raised their price target 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. StockNews.com raised Jabil from a "hold" rating to a "buy" rating in a report on Friday, March 21st. UBS Group boosted their price target on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. lifted 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. Finally, The Goldman Sachs Group boosted their target price on Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.50.

Jabil Company 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).