111 Capital Invests $940,000 in Jabil Inc. (NYSE:JBL)

111 Capital purchased a new position in shares of Jabil Inc. (NYSE:JBL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,531 shares of the technology company's stock, valued at approximately $940,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Jabil during the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Jabil during the 4th quarter worth $29,000. Millstone Evans Group LLC bought a new position in shares of Jabil during the 4th quarter worth $37,000. First Horizon Advisors Inc. lifted its stake 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 worth $39,000 after purchasing an additional 130 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake 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 purchasing an additional 158 shares during the last quarter. Institutional investors own 93.39% of the company's stock.

Jabil Stock Down 0.1%

Jabil stock traded down $0.12 during midday trading on Monday, reaching $167.89. The company's stock had a trading volume of 840,664 shares, compared to its average volume of 1,421,635. The stock's 50-day simple moving average is $147.24 and its 200-day simple moving average is $148.17. 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 Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The stock has a market capitalization of $18.02 billion, a P/E ratio of 16.10, a PEG ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 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 company had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. During the same period last year, the business posted $1.68 earnings per share. The firm's revenue was down .6% compared to the same quarter last year. On average, sell-side analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

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

Insider Transactions at Jabil

In related news, CEO Michael Dastoor sold 10,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the sale, the chief executive officer now directly owns 221,693 shares of the company's stock, valued at $37,665,640.70. This trade represents a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction dated 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 sale, the chairman now directly 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. Company insiders own 1.73% of the company's stock.

Analyst Ratings Changes

JBL has been the subject of a number of analyst reports. Wall Street Zen upgraded Jabil from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. UBS Group upped their price objective on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Barclays upped their price objective on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research note 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 for the company in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. decreased their price objective on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $158.50.

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).