IFM Investors Pty Ltd Acquires 1,648 Shares of Jabil Inc. (NYSE:JBL)

IFM Investors Pty Ltd increased its holdings in Jabil Inc. (NYSE:JBL) by 6.6% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 26,735 shares of the technology company’s stock after buying an additional 1,648 shares during the quarter. IFM Investors Pty Ltd’s holdings in Jabil were worth $3,581,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Jabil in the fourth quarter worth approximately $192,964,000. FMR LLC grew its position in Jabil by 15.9% in the 3rd quarter. FMR LLC now owns 10,525,084 shares of the technology company’s stock worth $1,335,528,000 after purchasing an additional 1,440,857 shares during the period. Vanguard Group Inc. raised its stake in Jabil by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company’s stock valued at $1,919,948,000 after buying an additional 1,427,429 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Jabil during the 3rd quarter valued at $124,319,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Jabil in the 3rd quarter worth $57,818,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Activity

In other Jabil news, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction on Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the transaction, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the sale, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kenneth S. Wilson sold 15,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the sale, the chief executive officer now owns 339,725 shares of the company’s stock, valued at $45,591,095. The disclosure for this sale can be found here. In the last ninety days, insiders sold 107,177 shares of company stock worth $13,678,039. 2.62% of the stock is currently owned by insiders.

Jabil Price Performance

Shares of NYSE JBL traded down $0.21 during mid-day trading on Friday, reaching $118.27. The company’s stock had a trading volume of 1,940,101 shares, compared to its average volume of 1,202,460. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. Jabil Inc. has a 52 week low of $75.48 and a 52 week high of $156.94. The stock has a fifty day moving average of $135.97 and a two-hundred day moving average of $130.75. The firm has a market capitalization of $14.26 billion, a PE ratio of 10.15, a P/E/G ratio of 1.26 and a beta of 1.40.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. As a group, sell-side analysts anticipate that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Jabil’s dividend payout ratio (DPR) is 2.75%.

Analyst Ratings Changes

Several research firms have recently commented on JBL. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday. Argus downgraded Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group upped their price target on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, Barclays decreased their price objective on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, March 18th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $144.50.

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).