Neuberger Berman Group LLC Buys 784 Shares of Jabil Inc. (NYSE:JBL)

Neuberger Berman Group LLC increased its stake in shares of Jabil Inc. (NYSE:JBL) by 10.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,607 shares of the technology company’s stock after purchasing an additional 784 shares during the period. Neuberger Berman Group LLC’s holdings in Jabil were worth $1,239,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Jabil in the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Jabil during the fourth quarter valued at approximately $29,000. Millstone Evans Group LLC bought a new stake in Jabil during the 4th quarter worth approximately $37,000. First Horizon Advisors Inc. lifted its stake in Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after purchasing an additional 130 shares in the last quarter. Finally, GHP Investment Advisors Inc. bought a new position in Jabil in the 4th quarter valued at $43,000. Institutional investors own 93.39% of the company’s stock.

Insider Activity at Jabil

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the transaction, the director now owns 12,900 shares in the company, valued at approximately $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Plant sold 50,000 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the sale, the director now owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by company insiders.

Jabil Stock Down 0.1 %

Shares of NYSE JBL opened at $131.85 on Friday. The stock has a market capitalization of $14.40 billion, a P/E ratio of 12.64, a PEG ratio of 1.65 and a beta of 1.12. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The firm’s 50 day simple moving average is $146.05 and its two-hundred day simple moving average is $141.08. 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 (NYSE:JBL) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. The company had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.68 EPS. As a group, analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 7.66%.

Analyst Ratings Changes

Several research analysts have recently weighed in on JBL shares. JPMorgan Chase & Co. upped their price target on shares of Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. Barclays raised their price target on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, March 21st. UBS Group boosted their price objective on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. The Goldman Sachs Group lowered their target price on shares of Jabil from $175.00 to $146.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus reissued 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. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

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).