Robeco Institutional Asset Management B.V. Grows Stake in Jabil, Inc. (NYSE:JBL)

Robeco Institutional Asset Management B.V. raised its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 84.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,568 shares of the technology company's stock after acquiring an additional 6,225 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Jabil were worth $1,846,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Jabil during the 4th quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Jabil in the fourth quarter valued at approximately $29,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Jabil by 110.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after buying an additional 116 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Jabil during the 4th quarter worth approximately $37,000. Finally, Golden State Wealth Management LLC increased its stake in shares of Jabil by 2,400.0% in the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock valued at $37,000 after acquiring an additional 264 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

Insider Buying and Selling at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 150,000 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $193.33, for a total value of $28,999,500.00. Following the completion of the sale, the chairman owned 1,560,192 shares in the company, valued at approximately $301,631,919.36. This trade represents a 8.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Andrew Priestley sold 13,913 shares of Jabil stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the transaction, the executive vice president directly owned 53,528 shares in the company, valued at approximately $10,875,283.76. This represents a 20.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 316,431 shares of company stock valued at $60,571,609 in the last quarter. 1.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JBL. Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday, June 18th. UBS Group increased their price objective on shares of Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Bank of America raised their target price on Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Stifel Nicolaus assumed coverage on Jabil in a research note on Wednesday. They set a "buy" rating and a $245.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on Jabil from $180.00 to $214.00 and gave the stock an "overweight" rating in a report 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.com, Jabil has an average rating of "Buy" and a consensus target price of $225.71.

Jabil Stock Up 1.2%

JBL traded up $2.66 during midday trading on Friday, reaching $224.55. 1,129,028 shares of the company were exchanged, compared to its average volume of 1,418,656. The company has a market cap of $24.10 billion, a price-to-earnings ratio of 43.60, a price-to-earnings-growth ratio of 1.55 and a beta of 1.20. Jabil, Inc. has a one year low of $95.85 and a one year high of $227.54. The company's fifty day moving average price is $176.75 and its 200 day moving average price is $158.04. 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 quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.27. Jabil had a return on equity of 60.19% and a net margin of 2.02%. The business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the prior year, the company posted $1.89 earnings per share. Jabil's revenue was up 15.7% compared to the same quarter last year. As a group, analysts expect that Jabil, Inc. will post 8.05 EPS 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 given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, May 15th. Jabil's payout ratio is currently 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).