Oxford Asset Management LLP Invests $249,000 in Jabil Inc. (NYSE:JBL)

Oxford Asset Management LLP acquired a new stake in shares of Jabil Inc. (NYSE:JBL - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,729 shares of the technology company's stock, valued at approximately $249,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Jabil during the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Jabil during the 4th quarter valued at approximately $29,000. Millstone Evans Group LLC purchased a new position in shares of Jabil during the 4th quarter valued at approximately $37,000. First Horizon Advisors Inc. increased its holdings in shares of Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after purchasing an additional 130 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings 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 purchasing an additional 158 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of 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 cut their target price on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Barclays boosted their price target on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. JPMorgan Chase & Co. cut their price target on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, StockNews.com lowered shares of Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $158.50.

Insider Activity

In related news, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the transaction, the director now directly owns 12,900 shares of the company's stock, valued at approximately $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the transaction, the chairman now directly owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.73% of the company's stock.

Jabil Stock Performance

JBL traded up $0.06 on Wednesday, reaching $146.63. The company had a trading volume of 1,325,485 shares, compared to its average volume of 1,461,106. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The stock has a market capitalization of $15.74 billion, a PE ratio of 14.06, a P/E/G ratio of 1.65 and a beta of 1.12. 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 stock has a 50-day moving average price of $138.75 and a 200-day moving average price of $142.47.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.11. The firm had revenue of $6.73 billion during 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 earnings per share. 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 declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.22%. Jabil's dividend payout ratio is currently 7.66%.

Jabil 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).