UniSuper Management Pty Ltd Buys 433 Shares of Jabil Inc. (NYSE:JBL)

UniSuper Management Pty Ltd raised its position in shares of Jabil Inc. (NYSE:JBL) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,716 shares of the technology company’s stock after acquiring an additional 433 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Jabil were worth $4,420,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Jabil by 18.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company’s stock valued at $270,187,000 after purchasing an additional 288,806 shares during the period. Elo Mutual Pension Insurance Co raised its holdings in Jabil by 10.9% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 11,179 shares of the technology company’s stock worth $1,609,000 after purchasing an additional 1,102 shares in the last quarter. WINTON GROUP Ltd lifted its position in Jabil by 352.4% during the fourth quarter. WINTON GROUP Ltd now owns 42,544 shares of the technology company’s stock valued at $6,122,000 after buying an additional 33,140 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Jabil by 4.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 186,373 shares of the technology company’s stock valued at $27,893,000 after buying an additional 8,291 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Jabil in the 4th quarter worth about $446,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. UBS Group upped their price target on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. The Goldman Sachs Group lifted their price objective on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research note on Friday, March 21st. Finally, 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Jabil has an average rating of “Moderate Buy” and a consensus target price of $167.50.

Insider Buying and Selling at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. This represents a 2.81 % 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 firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the transaction, the director now directly owns 5,900 shares in the company, valued at $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,400 shares of company stock worth $12,804,458. Insiders own 1.73% of the company’s stock.

Jabil Stock Down 2.5 %

JBL stock opened at $135.97 on Friday. The stock has a market capitalization of $14.84 billion, a P/E ratio of 13.04, a P/E/G ratio of 1.65 and a beta of 1.19. 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 Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The business has a fifty day moving average price of $154.45 and a 200-day moving average price of $139.32.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. 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 prior year, the business earned $1.68 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a 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%.

Jabil 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).