2,980 Shares in Jabil Inc. (NYSE:JBL) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new position in shares of Jabil Inc. (NYSE:JBL) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,980 shares of the technology company’s stock, valued at approximately $380,000.

Several other hedge funds have also added to or reduced their stakes in JBL. Cetera Advisor Networks LLC boosted its position in Jabil by 4.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 3,989 shares of the technology company’s stock worth $246,000 after buying an additional 180 shares during the period. Private Advisor Group LLC bought a new position in Jabil during the 1st quarter worth approximately $399,000. Great West Life Assurance Co. Can raised its holdings in Jabil by 10.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company’s stock worth $5,312,000 after purchasing an additional 7,933 shares during the last quarter. Sei Investments Co. raised its holdings in Jabil by 58.6% during the 1st quarter. Sei Investments Co. now owns 382,918 shares of the technology company’s stock worth $23,633,000 after purchasing an additional 141,511 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Jabil by 656.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 21,700 shares of the technology company’s stock worth $1,340,000 after purchasing an additional 18,832 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on JBL. Argus lowered shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. The Goldman Sachs Group raised their price target on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Barclays lowered their price objective on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday, March 18th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $144.50.

Insiders Place Their Bets

In related news, SVP May Yee Yap sold 7,877 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the transaction, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the sale, the chief executive officer now directly owns 339,725 shares of the company’s stock, valued at $45,591,095. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP May Yee Yap sold 7,877 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the sale, the senior vice president now directly owns 29,006 shares in the company, valued at $4,050,687.90. The disclosure for this sale can be found here. Insiders have sold 107,177 shares of company stock valued at $13,678,039 in the last three months. 2.62% of the stock is currently owned by insiders.

Jabil Stock Performance

NYSE:JBL opened at $129.59 on Friday. The firm has a market capitalization of $15.63 billion, a P/E ratio of 11.12, a P/E/G ratio of 1.38 and a beta of 1.40. The company has a fifty day moving average of $138.45 and a 200-day moving average of $131.19. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. Jabil Inc. has a twelve month low of $75.48 and a twelve month high of $156.94.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. As a group, sell-side analysts anticipate that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. Jabil’s dividend payout ratio (DPR) is presently 2.75%.

About Jabil

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).