Jabil Inc. (NYSE:JBL) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its stake in Jabil Inc. (NYSE:JBL) by 1.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 80,214 shares of the technology company’s stock after buying an additional 1,168 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Jabil were worth $11,543,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Meyer Handelman Co. acquired a new position in shares of Jabil in the 4th quarter valued at $7,334,000. Davis Investment Partners LLC purchased a new stake in Jabil during the fourth quarter valued at about $1,433,000. Truist Financial Corp increased its stake in Jabil by 50.4% during the fourth quarter. Truist Financial Corp now owns 12,037 shares of the technology company’s stock worth $1,732,000 after acquiring an additional 4,034 shares during the last quarter. Merit Financial Group LLC purchased a new position in shares of Jabil in the 4th quarter worth about $235,000. Finally, Keybank National Association OH acquired a new position in shares of Jabil in the 4th quarter valued at about $214,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Stock Up 0.2 %

Shares of Jabil stock opened at $136.22 on Tuesday. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The company has a market capitalization of $14.87 billion, a PE ratio of 13.06, a P/E/G ratio of 1.65 and a beta of 1.19. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The business has a 50-day moving average of $153.92 and a 200-day moving average of $140.07.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping 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 return on equity of 41.87% and a net margin of 4.71%. Jabil’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 EPS. As a group, equities analysts forecast that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently disclosed 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 was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. Jabil’s dividend payout ratio (DPR) is 7.66%.

Insiders Place Their Bets

In other news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the sale, the director now directly owns 119,108 shares in the company, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Plant sold 50,000 shares of the company’s 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 sale, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock valued at $12,804,458 in the last ninety days. Corporate insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Barclays raised their target price on shares of Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. raised their price objective on Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. Finally, UBS Group upped their target price on Jabil from $152.00 to $157.00 and gave the stock a “neutral” 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $167.50.

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).