Blue Door Asset Management LLC Acquires New Holdings in Jabil Inc. (NYSE:JBL)

Blue Door Asset Management LLC bought a new stake in Jabil Inc. (NYSE:JBL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 44,100 shares of the technology company's stock, valued at approximately $6,346,000. Jabil accounts for approximately 2.3% of Blue Door Asset Management LLC's investment portfolio, making the stock its 10th largest position.

A number of other hedge funds have also made changes to their positions in JBL. SBI Securities Co. Ltd. bought a new position in shares of Jabil in the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Jabil during the fourth quarter valued at approximately $29,000. Millstone Evans Group LLC bought a new position in shares of Jabil in the fourth quarter valued at approximately $37,000. First Horizon Advisors Inc. lifted 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 worth $39,000 after buying an additional 130 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted 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 worth $43,000 after buying an additional 158 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Stock Down 1.2 %

Shares of NYSE JBL traded down $1.79 during mid-day trading on Monday, reaching $145.13. 187,759 shares of the company's stock were exchanged, compared to its average volume of 1,462,352. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The business has a fifty day simple moving average of $139.91 and a 200 day simple moving average of $142.25. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The firm has a market capitalization of $15.58 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.65 and a beta of 1.12.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $6.40 billion. During the same quarter last year, the firm earned $1.68 EPS. Jabil's revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date is Thursday, May 15th. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Christopher S. Holland sold 3,400 shares of the company'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 transaction 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. This represents a 20.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the transaction, the chairman now owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. The trade was 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.

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).