Jabil Inc. (NYSE:JBL) Shares Purchased by First Hawaiian Bank

First Hawaiian Bank boosted its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 47.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,647 shares of the technology company's stock after purchasing an additional 3,447 shares during the quarter. First Hawaiian Bank's holdings in Jabil were worth $1,449,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Jabil during the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Jabil during the fourth quarter worth $29,000. Millstone Evans Group LLC purchased a new stake in Jabil during the fourth quarter worth $37,000. First Horizon Advisors Inc. boosted its position in Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock worth $39,000 after purchasing an additional 130 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new stake in Jabil during the fourth quarter worth $43,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Price Performance

Shares of NYSE JBL traded down $0.12 during trading on Monday, reaching $167.89. The company had a trading volume of 840,664 shares, compared to its average volume of 1,421,632. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The stock has a market capitalization of $18.02 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. The stock has a 50-day moving average price of $146.76 and a two-hundred day moving average price of $147.90. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 earnings per share. As a group, sell-side analysts predict that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.19%. Jabil's payout ratio is currently 7.66%.

Insider Activity at Jabil

In related news, Chairman Mark T. Mondello sold 20,000 shares of the company's 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 completion of the transaction, the chairman now directly owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Dastoor sold 10,000 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total value of $1,699,000.00. Following the sale, the chief executive officer now owns 221,693 shares of the company's stock, valued at $37,665,640.70. This represents a 4.32% 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.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. The Goldman Sachs Group decreased their target price on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. UBS Group boosted their target price on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Wall Street Zen raised Jabil from a "hold" rating to a "buy" rating in a report on Monday, May 19th. Finally, Barclays boosted their price target on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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).