Jabil Inc. (NYSE:JBL) Stock Holdings Lifted by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its position in Jabil Inc. (NYSE:JBL) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,200 shares of the technology company’s stock after purchasing an additional 3,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Jabil were worth $7,655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Jabil in the third quarter valued at about $32,000. Brooklyn Investment Group purchased a new position in Jabil in the third quarter valued at about $39,000. First Horizon Advisors Inc. grew its stake in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after purchasing an additional 130 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in Jabil in the fourth quarter valued at about $43,000. Finally, Cromwell Holdings LLC grew its stake in Jabil by 412.7% in the fourth quarter. Cromwell Holdings LLC now owns 364 shares of the technology company’s stock valued at $52,000 after purchasing an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction that occurred 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 transaction, 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 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 quarter. Corporate insiders own 1.73% of the company’s stock.

Jabil Trading Up 0.5 %

Jabil stock opened at $154.96 on Friday. The business has a 50 day moving average price of $158.95 and a two-hundred day moving average price of $134.66. 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 stock has a market cap of $16.92 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.88 by $0.12. The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 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 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.60 EPS. As a group, equities analysts forecast that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.21%. Jabil’s dividend payout ratio (DPR) is 3.07%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on JBL shares. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group upped their price target on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays upped their price target on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Finally, UBS Group upped their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $158.83.

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).