Norinchukin Bank The Acquires 391 Shares of Jabil Inc. (NYSE:JBL)

Norinchukin Bank The grew its holdings in Jabil Inc. (NYSE:JBL) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,040 shares of the technology company’s stock after purchasing an additional 391 shares during the quarter. Norinchukin Bank The’s holdings in Jabil were worth $725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

JBL has been the subject of a number of recent research reports. UBS Group boosted their price target on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. The Goldman Sachs Group decreased their target price on shares of Jabil from $175.00 to $146.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Barclays raised their price target on shares of Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a report on Friday, April 18th. Finally, JPMorgan Chase & Co. cut their target price on Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.50.

Insiders Place Their Bets

In other news, Director Christopher S. Holland sold 3,400 shares of the company’s stock in a transaction 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 $2,093,283. This represents a 20.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the transaction, the chairman now owns 1,730,192 shares of the company’s stock, valued at $227,624,059.52. The trade was a 1.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,400 shares of company stock valued at $11,810,418. Company insiders own 1.73% of the company’s stock.

Jabil Price Performance

Jabil stock opened at $133.18 on Wednesday. The stock has a market cap of $14.30 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.65 and a beta of 1.12. 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 company’s 50 day moving average price is $141.46 and its two-hundred day moving average price is $141.69. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. The business’s revenue was down .6% on a year-over-year basis. On average, equities analysts predict that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date is Thursday, May 15th. Jabil’s dividend payout ratio is 7.66%.

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).