Elo Mutual Pension Insurance Co Buys 1,102 Shares of Jabil Inc. (NYSE:JBL)

Elo Mutual Pension Insurance Co raised its stake in Jabil Inc. (NYSE:JBL) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,179 shares of the technology company’s stock after buying an additional 1,102 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Jabil were worth $1,609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in JBL. SBI Securities Co. Ltd. bought a new stake in Jabil in the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Jabil in the 4th quarter worth approximately $29,000. Millstone Evans Group LLC bought a new stake in shares of Jabil in the 4th quarter valued at $37,000. Brooklyn Investment Group bought a new position in Jabil during the third quarter worth $39,000. Finally, First Horizon Advisors Inc. lifted its holdings in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Activity at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $8,627,500.00. Following the transaction, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,400 shares of company stock valued at $12,804,458. 1.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on JBL. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research note on Friday, March 21st. The Goldman Sachs Group boosted their price target on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Barclays raised their price objective on shares of Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $167.50.

Jabil Stock Down 2.5 %

Shares of NYSE:JBL opened at $135.97 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The business’s 50 day simple moving average is $154.45 and its two-hundred day simple moving average is $139.59. The firm has a market cap of $14.84 billion, a P/E ratio of 13.04, a PEG ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. The company had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $1.68 EPS. As a group, research analysts forecast 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. Investors of record on Tuesday, February 18th were issued a $0.08 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil’s dividend payout ratio is presently 7.66%.

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).