DekaBank Deutsche Girozentrale Buys 3,934 Shares of Jabil Inc. (NYSE:JBL)

DekaBank Deutsche Girozentrale raised its stake in Jabil Inc. (NYSE:JBL) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,922 shares of the technology company’s stock after purchasing an additional 3,934 shares during the period. DekaBank Deutsche Girozentrale owned 0.10% of Jabil worth $15,728,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Jabil by 46.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 322,711 shares of the technology company’s stock valued at $43,227,000 after buying an additional 101,869 shares during the last quarter. Cetera Investment Advisers boosted its stake in Jabil by 141.7% in the first quarter. Cetera Investment Advisers now owns 17,350 shares of the technology company’s stock valued at $2,324,000 after acquiring an additional 10,173 shares during the last quarter. Atria Investments Inc raised its position in shares of Jabil by 11.2% in the first quarter. Atria Investments Inc now owns 12,051 shares of the technology company’s stock valued at $1,614,000 after purchasing an additional 1,211 shares during the period. Swedbank AB bought a new stake in shares of Jabil in the first quarter valued at approximately $5,680,000. Finally, LRI Investments LLC bought a new stake in shares of Jabil in the first quarter valued at approximately $322,000. 93.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on JBL shares. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. lowered their price target on shares of Jabil from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, June 17th. UBS Group lowered their price target on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Bank of America decreased their target price on shares of Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, June 21st. Finally, Barclays reduced their price target on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $142.63.

Insider Activity at Jabil

In related news, EVP Frederic E. Mccoy sold 1,250 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the transaction, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Frederic E. Mccoy sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the sale, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP May Yee Yap sold 4,274 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total value of $500,228.96. Following the completion of the sale, the senior vice president now directly owns 24,829 shares in the company, valued at $2,905,986.16. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by company insiders.

Jabil Price Performance

NYSE JBL traded down $9.38 during trading hours on Friday, reaching $99.62. 3,749,817 shares of the stock traded hands, compared to its average volume of 1,328,192. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74. The stock has a 50 day simple moving average of $114.02 and a two-hundred day simple moving average of $124.81. Jabil Inc. has a 1 year low of $96.77 and a 1 year high of $156.94. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 1.95 and a beta of 1.27.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, June 20th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.53 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. Jabil’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same period last year, the firm posted $1.85 EPS. On average, analysts predict that Jabil Inc. will post 7.86 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Thursday, August 15th. Jabil’s dividend payout ratio (DPR) is presently 2.91%.

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).