Asset Management One Co. Ltd. Purchases 1,273 Shares of Jabil, Inc. (NYSE:JBL)

Asset Management One Co. Ltd. increased its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,100 shares of the technology company's stock after acquiring an additional 1,273 shares during the quarter. Asset Management One Co. Ltd. owned about 0.05% of Jabil worth $7,361,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of JBL. Wellington Management Group LLP raised its stake in shares of Jabil by 70,781.4% during the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock worth $835,876,000 after acquiring an additional 5,800,535 shares in the last quarter. Norges Bank acquired a new position in Jabil during the 4th quarter valued at approximately $218,430,000. Point72 Asset Management L.P. increased its stake in Jabil by 1,007.6% during the 4th quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company's stock valued at $138,954,000 after purchasing an additional 878,444 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Jabil by 16,190.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company's stock valued at $79,539,000 after purchasing an additional 549,347 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Jabil by 17,410.3% during the 1st quarter. GAMMA Investing LLC now owns 524,958 shares of the technology company's stock valued at $71,431,000 after purchasing an additional 521,960 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

Insider Buying and Selling

In related news, SVP Adam E. Berry sold 4,233 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $200.36, for a total transaction of $848,123.88. Following the sale, the senior vice president now directly owns 13,047 shares of the company's stock, valued at approximately $2,614,096.92. This represents a 24.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Anousheh Ansari sold 2,500 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $207.57, for a total transaction of $518,925.00. Following the sale, the director now directly owns 37,400 shares in the company, valued at $7,763,118. This trade represents a 6.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 280,476 shares of company stock valued at $52,780,286. Corporate insiders own 1.73% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JBL. Raymond James Financial restated a "strong-buy" rating and set a $230.00 price target (up previously from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. Bank of America upped their price target on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, June 20th. UBS Group upped their price target on shares of Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. The Goldman Sachs Group upped their price target on shares of Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Finally, Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Jabil has an average rating of "Buy" and a consensus target price of $213.57.

Jabil Stock Up 0.9%

JBL stock opened at $217.32 on Friday. The firm's fifty day simple moving average is $170.08 and its 200-day simple moving average is $155.67. The company has a market capitalization of $23.33 billion, a P/E ratio of 42.20, a price-to-earnings-growth ratio of 1.51 and a beta of 1.14. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64. Jabil, Inc. has a 12 month low of $95.85 and a 12 month high of $218.34.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.28 by $0.27. The business had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.03 billion. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The business's revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.89 EPS. As a group, equities research analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date was Thursday, May 15th. Jabil's dividend payout ratio (DPR) is presently 6.21%.

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).

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