Andra AP fonden Grows Position in Jabil Inc. (NYSE:JBL)

Andra AP fonden grew its holdings in Jabil Inc. (NYSE:JBL) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,200 shares of the technology company’s stock after acquiring an additional 12,600 shares during the period. Andra AP fonden owned about 0.11% of Jabil worth $18,016,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Jabil in the fourth quarter valued at about $27,000. Capital Performance Advisors LLP bought a new stake in Jabil during the third quarter worth approximately $32,000. Brooklyn Investment Group bought a new stake in Jabil during the third quarter worth approximately $39,000. First Horizon Advisors Inc. increased its stake in Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after acquiring an additional 130 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new position in shares of Jabil during the fourth quarter valued at approximately $43,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on JBL shares. Stifel Nicolaus reissued 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. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. The Goldman Sachs Group increased their price objective on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a report on Monday, February 24th. Barclays upped their target price on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Finally, UBS Group increased their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.83.

Jabil Price Performance

NYSE:JBL opened at $139.74 on Friday. The stock has a market capitalization of $15.26 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The stock’s 50-day moving average price is $158.55 and its 200-day moving average price is $135.69. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same period last year, the company posted $2.60 EPS. Jabil’s quarterly revenue was down 16.6% compared to the same quarter last year. As a group, equities analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is 3.07%.

Insiders Place Their Bets

In other news, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction that occurred on Friday, January 24th. The shares were 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. The trade was a 89.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction that occurred on Friday, January 3rd. The shares were 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 of the company’s stock, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock valued at $12,804,458 in the last ninety days. 1.73% of the stock is currently owned by corporate insiders.

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).