Jabil Inc. (NYSE:JBL) Shares Purchased by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. increased its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 30.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 350,191 shares of the technology company's stock after acquiring an additional 82,593 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.32% of Jabil worth $50,392,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Jabil in the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Jabil during the fourth quarter worth $29,000. Millstone Evans Group LLC purchased a new position in shares of Jabil during the fourth quarter worth $37,000. First Horizon Advisors Inc. grew its stake in shares of 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 in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of Jabil in the 4th quarter valued at $43,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Jabil

In related news, Director Christopher S. Holland sold 3,400 shares of the 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 sale, the director now directly owns 12,900 shares of the company's stock, valued at $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This trade represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JBL. UBS Group boosted their price target on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Barclays raised their price target on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. The Goldman Sachs Group cut their price objective on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. lowered their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, StockNews.com lowered Jabil from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.50.

Jabil Stock Down 1.3 %

Shares of NYSE:JBL traded down $1.84 during trading on Wednesday, hitting $144.74. 212,824 shares of the company were exchanged, compared to its average volume of 1,456,013. 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 firm's 50 day moving average price is $139.07 and its 200-day moving average price is $142.44. The stock has a market capitalization of $15.54 billion, a P/E ratio of 13.88, a PEG ratio of 1.65 and a beta of 1.12. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80.

Jabil (NYSE:JBL - Get Free Report) last posted its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $6.40 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. The business's revenue was down .6% compared to the same quarter last year. On average, research analysts predict that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm 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 0.22%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil's payout ratio is currently 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).