1,666 Shares in Jabil Inc. (NYSE:JBL) Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. bought a new position in shares of Jabil Inc. (NYSE:JBL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,666 shares of the technology company's stock, valued at approximately $240,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of JBL. Truist Financial Corp lifted its holdings in shares of Jabil by 50.4% in the 4th quarter. Truist Financial Corp now owns 12,037 shares of the technology company's stock valued at $1,732,000 after purchasing an additional 4,034 shares during the last quarter. Merit Financial Group LLC acquired a new position in Jabil during the 4th quarter worth approximately $235,000. Keybank National Association OH purchased a new position in shares of Jabil in the fourth quarter valued at $214,000. Principal Financial Group Inc. raised its position in Jabil by 4.4% during the fourth quarter. Principal Financial Group Inc. now owns 143,266 shares of the technology company's stock worth $20,616,000 after acquiring an additional 5,993 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Jabil by 6.6% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 32,104 shares of the technology company's stock worth $4,620,000 after purchasing an additional 1,995 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Jabil

In related news, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the transaction, the chairman now directly owns 1,730,192 shares in the company, valued at $227,624,059.52. The trade was a 1.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total value of $1,699,000.00. Following the completion of the transaction, the chief executive officer now directly owns 221,693 shares in the company, valued at $37,665,640.70. The trade was a 4.32% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.73% of the company's stock.

Jabil Stock Performance

NYSE JBL traded up $0.03 during trading hours on Tuesday, hitting $167.47. The company had a trading volume of 1,390,409 shares, compared to its average volume of 1,434,264. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The business has a fifty day simple moving average of $142.05 and a 200-day simple moving average of $145.76. The firm has a market cap of $17.98 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL - Get Free Report) last issued 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. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the previous year, the firm posted $1.68 earnings per share. The business's revenue was down .6% on a year-over-year basis. Equities analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.19%. The ex-dividend date is Thursday, May 15th. Jabil's payout ratio is 7.66%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. lowered their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Barclays increased their target price on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. UBS Group increased their target price on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, March 21st. The Goldman Sachs Group decreased their price objective on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a report on Monday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.50.

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).