AustralianSuper Pty Ltd Acquires 9,958 Shares of Jabil Inc. (NYSE:JBL)

AustralianSuper Pty Ltd boosted its holdings in shares of Jabil Inc. (NYSE:JBL) by 15.3% during the 4th quarter, Holdings Channel reports. The firm owned 75,243 shares of the technology company’s stock after buying an additional 9,958 shares during the period. AustralianSuper Pty Ltd’s holdings in Jabil were worth $10,827,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Arcus Capital Partners LLC bought a new stake in Jabil during the 4th quarter valued at approximately $257,000. Vontobel Holding Ltd. raised its stake in Jabil by 44.6% during the 4th quarter. Vontobel Holding Ltd. now owns 8,523 shares of the technology company’s stock valued at $1,226,000 after purchasing an additional 2,628 shares during the period. Sawgrass Asset Management LLC raised its stake in Jabil by 42.2% during the 4th quarter. Sawgrass Asset Management LLC now owns 3,503 shares of the technology company’s stock valued at $504,000 after purchasing an additional 1,039 shares during the period. Van ECK Associates Corp increased its stake in Jabil by 1,327.3% in the 4th quarter. Van ECK Associates Corp now owns 22,680 shares of the technology company’s stock worth $3,264,000 after acquiring an additional 21,091 shares during the last quarter. Finally, Edmp Inc. increased its stake in Jabil by 9.6% in the 4th quarter. Edmp Inc. now owns 3,959 shares of the technology company’s stock worth $570,000 after acquiring an additional 347 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Insider Activity at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the business’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 transaction, the executive vice president now owns 138,472 shares in the company, valued at $20,744,490.32. The trade was a 2.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $551,718.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 in the last quarter. 1.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on JBL shares. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. UBS Group lifted their price objective on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. The Goldman Sachs Group lifted their price objective on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Barclays lifted their price objective on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $153.17.

Jabil Stock Performance

NYSE JBL opened at $169.60 on Friday. The company has a market cap of $18.52 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.64 and a beta of 1.23. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The business’s 50 day moving average price is $153.88 and its 200-day moving average price is $130.58. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the previous year, the company posted $2.60 EPS. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. Sell-side analysts predict that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s payout ratio is currently 3.07%.

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).