Handelsbanken Fonder AB Has $32.43 Million Holdings in Jabil Inc. (NYSE:JBL)

Handelsbanken Fonder AB increased its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 20.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,348 shares of the technology company's stock after acquiring an additional 40,000 shares during the quarter. Handelsbanken Fonder AB owned 0.22% of Jabil worth $32,432,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. SG Americas Securities LLC grew its position in Jabil by 328.1% during the 1st quarter. SG Americas Securities LLC now owns 7,937 shares of the technology company's stock worth $1,080,000 after purchasing an additional 6,083 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Jabil by 28.7% in the first quarter. GAMMA Investing LLC now owns 3,858 shares of the technology company's stock worth $525,000 after buying an additional 860 shares during the period. Signet Financial Management LLC grew its holdings in shares of Jabil by 2.1% during the first quarter. Signet Financial Management LLC now owns 25,944 shares of the technology company's stock valued at $3,530,000 after buying an additional 532 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock valued at $30,000 after buying an additional 116 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Jabil by 26.0% during the first quarter. Farther Finance Advisors LLC now owns 2,481 shares of the technology company's stock valued at $338,000 after buying an additional 512 shares during the period. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Transactions at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the transaction, the chairman now owns 1,730,192 shares in the company, valued at $227,624,059.52. This trade represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 221,693 shares of the company's stock, valued at approximately $37,665,640.70. The trade was a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 50,000 shares of company stock valued at $7,665,200. Company insiders own 1.73% of the company's stock.

Jabil Stock Down 1.8%

NYSE:JBL traded down $3.31 during mid-day trading on Friday, reaching $175.77. The stock had a trading volume of 1,224,670 shares, compared to its average volume of 1,430,057. The stock has a market cap of $18.87 billion, a P/E ratio of 16.85, a PEG ratio of 1.65 and a beta of 1.14. The business's 50 day moving average is $154.43 and its 200 day moving average is $150.46. 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 fifty-two week low of $95.85 and a fifty-two week high of $180.16.

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 the consensus estimate of $1.83 by $0.11. The company had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous 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 disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders 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 dividend yield of 0.18%. The ex-dividend date was Thursday, May 15th. Jabil's payout ratio is 7.66%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group lifted their target price on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Wall Street Zen upgraded shares of Jabil from a "hold" rating to a "buy" rating in a report on Monday, May 19th. The Goldman Sachs Group upped their price objective on shares of Jabil from $165.00 to $188.00 and gave the company a "buy" rating in a research note on Tuesday. 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 report on Thursday, April 17th. Finally, Barclays boosted their price target on shares of Jabil from $184.00 to $206.00 and gave the company an "overweight" rating in a report on Tuesday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $169.17.

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).