Dimensional Fund Advisors LP Has $235.53 Million Position in Jabil Inc. (NYSE:JBL)

Dimensional Fund Advisors LP decreased its holdings in shares of Jabil Inc. (NYSE:JBL) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,636,685 shares of the technology company’s stock after selling 36,914 shares during the period. Dimensional Fund Advisors LP’s holdings in Jabil were worth $235,525,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JBL. Freedom Investment Management Inc. boosted its holdings in shares of Jabil by 139.4% during the 4th quarter. Freedom Investment Management Inc. now owns 12,331 shares of the technology company’s stock worth $1,774,000 after buying an additional 7,180 shares in the last quarter. GeoWealth Management LLC boosted its stake in Jabil by 95.9% during the fourth quarter. GeoWealth Management LLC now owns 2,919 shares of the technology company’s stock worth $420,000 after acquiring an additional 1,429 shares in the last quarter. Farringdon Capital Ltd. acquired a new stake in Jabil in the fourth quarter worth $318,000. NewEdge Advisors LLC raised its holdings in shares of Jabil by 234.0% during the fourth quarter. NewEdge Advisors LLC now owns 12,254 shares of the technology company’s stock valued at $1,763,000 after purchasing an additional 8,585 shares during the period. Finally, Guggenheim Capital LLC boosted its position in shares of Jabil by 45.0% during the 4th quarter. Guggenheim Capital LLC now owns 20,716 shares of the technology company’s stock worth $2,981,000 after purchasing an additional 6,432 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Performance

Shares of Jabil stock opened at $129.80 on Tuesday. The business’s fifty day simple moving average is $142.17 and its 200 day simple moving average is $141.75. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The firm has a market capitalization of $13.93 billion, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. The company had revenue of $6.73 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 EPS. As a group, analysts anticipate that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. Jabil’s payout ratio is 7.66%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Jabil

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now owns 12,900 shares of the company’s stock, valued at $2,093,283. The trade was a 20.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction on Friday, April 11th. The shares were sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the transaction, the chairman now owns 1,730,192 shares of the company’s stock, valued at approximately $227,624,059.52. This trade represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,400 shares of company stock worth $11,810,418. Company insiders own 1.73% of the company’s stock.

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).