Nomura Asset Management Co. Ltd. Increases Stock Position in Jabil Inc. (NYSE:JBL)

Nomura Asset Management Co. Ltd. raised its position in Jabil Inc. (NYSE:JBL) by 54.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,613 shares of the technology company’s stock after buying an additional 18,876 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Jabil were worth $7,715,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in shares of Jabil during the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Jabil during the fourth quarter worth about $29,000. Millstone Evans Group LLC bought a new stake in Jabil in the fourth quarter worth about $37,000. First Horizon Advisors Inc. boosted its stake 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 acquiring an additional 130 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Jabil by 113.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock valued at $43,000 after acquiring an additional 158 shares during the period. 93.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. JPMorgan Chase & Co. increased their target price on shares of Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. The Goldman Sachs Group boosted their price target on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research report 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 report on Friday, March 21st. Finally, StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a research report on Friday, March 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $167.50.

Insider Transactions at Jabil

In related news, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the transaction, the director now directly owns 12,900 shares in the company, valued at $2,093,283. The trade was a 20.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock valued at $12,804,458 in the last ninety days. 1.73% of the stock is currently owned by corporate insiders.

Jabil Trading Up 0.2 %

JBL opened at $136.22 on Tuesday. The firm has a market capitalization of $14.87 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 1.65 and a beta of 1.19. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The business has a 50 day simple moving average of $153.92 and a two-hundred day simple moving average of $140.07. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last announced its quarterly 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 analysts’ expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. Jabil’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 earnings per share. Analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. Jabil’s payout ratio is 7.66%.

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).