ProShare Advisors LLC Raises Stock Holdings in Jabil Inc. (NYSE:JBL)

ProShare Advisors LLC boosted its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,166 shares of the technology company's stock after acquiring an additional 1,840 shares during the quarter. ProShare Advisors LLC's holdings in Jabil were worth $3,621,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in JBL. Barclays PLC grew its holdings in Jabil by 33.5% during the 3rd quarter. Barclays PLC now owns 327,969 shares of the technology company's stock worth $39,300,000 after acquiring an additional 82,312 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Jabil by 127.5% during the 4th quarter. Park Avenue Securities LLC now owns 5,595 shares of the technology company's stock worth $805,000 after acquiring an additional 3,136 shares during the last quarter. Merit Financial Group LLC bought a new stake in Jabil during the 4th quarter worth about $235,000. HB Wealth Management LLC grew its holdings in Jabil by 9.3% during the 4th quarter. HB Wealth Management LLC now owns 3,696 shares of the technology company's stock worth $532,000 after acquiring an additional 316 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Jabil by 6.5% during the 4th quarter. UMB Bank n.a. now owns 2,321 shares of the technology company's stock worth $334,000 after acquiring an additional 142 shares during the last quarter. Institutional investors own 93.39% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JBL. Wall Street Zen raised shares of Jabil from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. Barclays raised their target price on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. reduced their target price on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. The Goldman Sachs Group cut their price target on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, UBS Group increased their price target on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $158.50.

Jabil Price Performance

NYSE JBL traded up $0.43 during trading on Friday, hitting $165.53. 595,320 shares of the company's stock were exchanged, compared to its average volume of 1,426,914. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The company has a market cap of $17.77 billion, a PE ratio of 15.87, a P/E/G ratio of 1.65 and a beta of 1.11. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The stock's 50 day moving average price is $144.50 and its two-hundred day moving average price is $146.68.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.11. The company had revenue of $6.73 billion for the quarter, compared to analysts' expectations 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 previous year, the business posted $1.68 earnings per share. Research analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Insider Buying and Selling at Jabil

In other news, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the completion of the transaction, the chief executive officer now owns 221,693 shares in the company, valued at approximately $37,665,640.70. This represents a 4.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the 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 transaction, the chairman now owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. The trade was a 1.14% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.73% of the company's stock.

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).