Jabil, Inc. (NYSE:JBL) Position Lifted by IFM Investors Pty Ltd

IFM Investors Pty Ltd grew its position in Jabil, Inc. (NYSE:JBL - Free Report) by 26.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,626 shares of the technology company's stock after purchasing an additional 4,776 shares during the quarter. IFM Investors Pty Ltd's holdings in Jabil were worth $3,079,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP raised its stake in 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 stake in Jabil during the 4th quarter worth $218,430,000. Point72 Asset Management L.P. increased its stake in Jabil by 1,007.6% in the fourth 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 during the period. Jacobs Levy Equity Management Inc. increased its stake in Jabil by 16,190.6% in the fourth 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 during the period. Finally, GAMMA Investing LLC increased its stake in Jabil by 17,410.3% in the first 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 during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Anousheh Ansari sold 1,000 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $222.75, for a total value of $222,750.00. Following the completion of the sale, the director owned 36,400 shares of the company's stock, valued at $8,108,100. This represents a 2.67% 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, Director Steven A. Raymund sold 15,955 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $216.83, for a total transaction of $3,459,522.65. Following the completion of the transaction, the director owned 99,828 shares of the company's stock, valued at $21,645,705.24. This trade represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 317,431 shares of company stock valued at $60,794,359. 1.73% of the stock is owned by corporate insiders.

Jabil Price Performance

JBL stock traded down $3.56 during trading on Tuesday, reaching $221.85. 1,671,811 shares of the company were exchanged, compared to its average volume of 1,448,351. The company has a market cap of $23.81 billion, a P/E ratio of 43.08, a PEG ratio of 1.58 and a beta of 1.20. Jabil, Inc. has a 52-week low of $95.85 and a 52-week high of $227.54. The stock's 50 day moving average price is $179.89 and its 200 day moving average price is $159.45. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 0.98.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.28 by $0.27. The company had revenue of $7.83 billion during the quarter, compared to analysts' expectations of $7.03 billion. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The firm's quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 earnings per share. As a group, analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current fiscal 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 given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Thursday, May 15th. Jabil's payout ratio is currently 6.21%.

Wall Street Analyst Weigh In

A number of research firms have commented on JBL. Wall Street Zen upgraded shares of Jabil from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 27th. Bank of America lifted their price objective 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 lifted their price objective 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. JPMorgan Chase & Co. lifted their price objective on shares of Jabil from $180.00 to $214.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $230.00 price objective (up from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Jabil presently has an average rating of "Buy" and a consensus price target of $225.71.

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).