2,318 Shares in Jabil Inc. (NYSE:JBL) Purchased by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. bought a new position in shares of Jabil Inc. (NYSE:JBL) in the 4th quarter, Holdings Channel reports. The fund bought 2,318 shares of the technology company’s stock, valued at approximately $334,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vestmark Advisory Solutions Inc. boosted its holdings in shares of Jabil by 4.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 6,507 shares of the technology company’s stock worth $936,000 after buying an additional 270 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Jabil during the 4th quarter worth about $43,312,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Jabil by 390.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,658 shares of the technology company’s stock worth $239,000 after buying an additional 1,320 shares during the period. Arizona State Retirement System boosted its holdings in shares of Jabil by 1.4% during the 4th quarter. Arizona State Retirement System now owns 32,950 shares of the technology company’s stock worth $4,742,000 after buying an additional 448 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of Jabil during the 4th quarter worth about $11,555,000. Institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were 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 directly owns 138,472 shares in the company, valued at $20,744,490.32. This represents a 2.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the director now owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This represents 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 worth $12,804,458 in the last three months. 1.73% of the stock is owned by corporate insiders.

Jabil Price Performance

Shares of NYSE:JBL opened at $139.74 on Friday. The firm has a 50 day moving average of $158.43 and a 200-day moving average of $136.12. The stock has a market capitalization of $15.26 billion, a PE ratio of 13.40, a PEG ratio of 1.65 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80.

Jabil (NYSE:JBL) last issued its 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 company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 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 16.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.60 EPS. On average, equities research analysts predict that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio is 3.07%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. UBS Group boosted their price objective on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report 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 report on Friday, December 20th. Finally, The Goldman Sachs Group boosted their price objective on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Jabil presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.83.

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).