Jabil Inc. (NYSE:JBL) Shares Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. boosted its stake in Jabil Inc. (NYSE:JBL) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 40,208 shares of the technology company’s stock after purchasing an additional 691 shares during the period. Achmea Investment Management B.V.’s holdings in Jabil were worth $5,786,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meyer Handelman Co. acquired a new stake in shares of Jabil in the fourth quarter valued at $7,334,000. Davis Investment Partners LLC purchased a new position in Jabil during the 4th quarter valued at about $1,433,000. Truist Financial Corp grew its position in Jabil by 50.4% in the 4th quarter. Truist Financial Corp now owns 12,037 shares of the technology company’s stock valued at $1,732,000 after acquiring an additional 4,034 shares in the last quarter. Nicola Wealth Management LTD. increased its stake in Jabil by 54.9% during the third quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock worth $4,733,000 after purchasing an additional 14,000 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in shares of Jabil during the fourth quarter worth about $235,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the transaction, the director now owns 119,108 shares in the company, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock worth $12,804,458 over the last three months. Insiders own 1.73% of the company’s stock.

Jabil Price Performance

Jabil stock opened at $130.45 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The company has a fifty day simple moving average of $157.79 and a 200-day simple moving average of $136.65. The stock has a market cap of $14.24 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same period in the previous year, the business earned $2.60 EPS. Jabil’s revenue for the quarter was down 16.6% on a year-over-year basis. Equities analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.25%. Jabil’s dividend payout ratio is currently 3.07%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group lifted 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. Stifel Nicolaus restated a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group lifted their target price on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a report on Monday, February 24th. Finally, Barclays upped their price target on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $158.83.

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).