Jabil Inc. (NYSE:JBL) Stock Holdings Boosted by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its position in Jabil Inc. (NYSE:JBL) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 136,929 shares of the technology company’s stock after purchasing an additional 3,700 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Jabil were worth $19,704,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JBL. FMR LLC boosted its position in shares of Jabil by 11.3% during the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after buying an additional 520,672 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Jabil by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,045,213 shares of the technology company’s stock worth $150,406,000 after purchasing an additional 10,541 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Jabil by 15.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 903,526 shares of the technology company’s stock valued at $108,270,000 after purchasing an additional 118,376 shares during the period. Two Sigma Advisers LP raised its stake in shares of Jabil by 406.5% during the third quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock valued at $86,613,000 after purchasing an additional 580,100 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Jabil by 50.8% in the fourth quarter. Victory Capital Management Inc. now owns 627,041 shares of the technology company’s stock worth $90,231,000 after purchasing an additional 211,168 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on JBL shares. Stifel Nicolaus reissued a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays upped their target price on Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. lifted their price target on Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a report on Friday, March 21st. Finally, The Goldman Sachs Group lifted their target price on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Jabil currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.50.

Jabil Trading Down 3.0 %

Shares of JBL opened at $139.52 on Friday. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The business’s 50-day moving average price is $154.99 and its 200 day moving average price is $139.09. The stock has a market capitalization of $15.23 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.65 and a beta of 1.19. 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 (NYSE:JBL) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 EPS. Analysts expect that Jabil Inc. will post 8.05 earnings per share for the current 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 dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.23%. Jabil’s dividend payout ratio (DPR) is presently 7.66%.

Insider Activity

In related news, Director John C. Plant sold 50,000 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the sale, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value 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. 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 worth $12,804,458 in the last 90 days. 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).