Jabil, Inc. (NYSE:JBL) Shares Purchased by KBC Group NV

KBC Group NV raised its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,102 shares of the technology company's stock after purchasing an additional 1,527 shares during the quarter. KBC Group NV owned approximately 0.13% of Jabil worth $19,064,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in Jabil by 70,781.4% during the fourth quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock valued at $835,876,000 after acquiring an additional 5,800,535 shares in the last quarter. FMR LLC increased its position in shares of Jabil by 8.1% in the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock worth $796,220,000 after purchasing an additional 416,841 shares during the last quarter. Geode Capital Management LLC raised its stake in Jabil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 2,810,519 shares of the technology company's stock valued at $404,024,000 after purchasing an additional 34,574 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Jabil by 18.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company's stock valued at $270,187,000 after purchasing an additional 288,806 shares during the last quarter. Finally, Norges Bank purchased a new position in Jabil in the 4th quarter worth approximately $218,430,000. Institutional investors own 93.39% of the company's stock.

Insiders Place Their Bets

In other news, Director Steven A. Raymund sold 15,955 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $216.83, for a total value of $3,459,522.65. Following the transaction, the director owned 99,828 shares in the company, valued at $21,645,705.24. This trade represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steven D. Borges sold 22,443 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $200.01, for a total transaction of $4,488,824.43. Following the completion of the sale, the executive vice president owned 102,803 shares of the company's stock, valued at $20,561,628.03. This trade represents a 17.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 316,431 shares of company stock valued at $60,571,609 in the last three months. 1.73% of the stock is currently owned by insiders.

Jabil Trading Up 2.8%

JBL traded up $6.05 during trading on Wednesday, reaching $222.19. The company had a trading volume of 1,653,509 shares, compared to its average volume of 1,418,352. Jabil, Inc. has a 52 week low of $95.85 and a 52 week high of $222.36. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. The business has a 50 day simple moving average of $173.51 and a 200-day simple moving average of $156.97. The stock has a market cap of $23.85 billion, a P/E ratio of 43.14, a PEG ratio of 1.51 and a beta of 1.20.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly 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. Jabil had a return on equity of 60.19% and a net margin of 2.02%. The firm had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same period last year, the company earned $1.89 EPS. Jabil's quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.14%. Jabil's dividend payout ratio (DPR) is presently 6.21%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on JBL shares. Stifel Nicolaus initiated coverage on shares of Jabil in a research report on Wednesday. They issued a "buy" rating and a $245.00 target price for the company. Wall Street Zen raised Jabil from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 27th. Bank of America upped their price target on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Raymond James Financial reissued a "strong-buy" rating and issued a $230.00 target price (up previously from $170.00) on shares of Jabil in a report on Wednesday, June 18th. Finally, UBS Group increased their target price on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company 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).