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

ProShare Advisors LLC increased its position in 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 and Exchange Commission (SEC). The institutional investor owned 25,166 shares of the technology company's stock after purchasing an additional 1,840 shares during the period. ProShare Advisors LLC's holdings in Jabil were worth $3,621,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Bleakley Financial Group LLC boosted its stake in Jabil by 2.2% in the 4th quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock worth $471,000 after purchasing an additional 70 shares in the last quarter. Greenleaf Trust lifted its stake in Jabil by 1.3% during the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock valued at $816,000 after acquiring an additional 72 shares during the period. Resonant Capital Advisors LLC lifted its stake in Jabil by 3.3% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company's stock valued at $365,000 after acquiring an additional 80 shares during the period. Lifestyle Asset Management Inc. lifted its stake in Jabil by 1.0% during the 4th quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company's stock valued at $1,384,000 after acquiring an additional 95 shares during the period. Finally, Savant Capital LLC lifted its stake in Jabil by 1.9% during the 4th quarter. Savant Capital LLC now owns 5,332 shares of the technology company's stock valued at $767,000 after acquiring an additional 99 shares during the period. Institutional investors own 93.39% of the company's stock.

Jabil Price Performance

Shares of Jabil stock traded down $0.24 on Thursday, hitting $164.96. 801,424 shares of the company traded hands, compared to its average volume of 1,427,796. The stock has a market capitalization of $17.71 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The business has a 50-day simple moving average of $143.90 and a 200 day simple moving average of $146.30.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion for the quarter, compared to analysts' expectations 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 quarter last year, the business posted $1.68 earnings per share. Research analysts expect that Jabil Inc. will post 8.05 earnings per share for the current fiscal 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 issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Thursday, May 15th. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Wall Street Analyst Weigh In

JBL has been the topic of several research analyst reports. Barclays upped 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. The Goldman Sachs Group reduced their price target on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. reduced their price target 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. UBS Group upped 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. Finally, Wall Street Zen raised shares of Jabil from a "hold" rating to a "buy" rating in a research report on Monday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jabil currently has an average rating of "Moderate Buy" and an average target price of $158.50.

Insider Activity at Jabil

In related news, CEO Michael Dastoor sold 10,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were 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. This trade represents a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction on 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 directly owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. This trade represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by insiders.

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).