Jabil, Inc. $JBL Position Lessened by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. reduced its stake in Jabil, Inc. by 13.9% during the second quarter, holding 40,100 shares worth approximately $8.75 million after selling 6,500 shares.
• Analysts have raised their price targets for Jabil shares, with Goldman Sachs increasing their target from $188 to $215 and Bank of America adjusting it from $225 to $245, indicating a positive outlook for the stock.
• Jabil recently announced a quarterly dividend of $0.08 per share, contributing to an annualized dividend yield of 0.1%, reflecting a payout ratio of 6.21%.

Mn Services Vermogensbeheer B.V. decreased its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 13.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,100 shares of the technology company's stock after selling 6,500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Jabil were worth $8,746,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in JBL. Janus Henderson Group PLC increased its holdings in shares of Jabil by 13.8% in the fourth quarter. Janus Henderson Group PLC now owns 11,001 shares of the technology company's stock valued at $1,583,000 after purchasing an additional 1,334 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Jabil by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,718 shares of the technology company's stock valued at $1,542,000 after purchasing an additional 425 shares during the period. Tidal Investments LLC increased its holdings in shares of Jabil by 13.4% in the fourth quarter. Tidal Investments LLC now owns 13,000 shares of the technology company's stock valued at $1,871,000 after purchasing an additional 1,537 shares during the period. Vident Advisory LLC increased its holdings in shares of Jabil by 6.8% in the fourth quarter. Vident Advisory LLC now owns 5,573 shares of the technology company's stock valued at $802,000 after purchasing an additional 354 shares during the period. Finally, Woodline Partners LP acquired a new position in Jabil during the fourth quarter worth $5,661,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Jabil Trading Up 0.4%

NYSE JBL traded up $0.83 during trading hours on Friday, hitting $224.12. 2,883,233 shares of the company's stock were exchanged, compared to its average volume of 1,283,373. The business's 50 day moving average is $216.26 and its 200-day moving average is $181.41. Jabil, Inc. has a 12-month low of $108.66 and a 12-month high of $232.84. The firm has a market capitalization of $24.05 billion, a P/E ratio of 43.52, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. 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 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 company had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same period in the prior year, the firm posted $1.89 earnings per share. The firm's revenue was up 15.7% on a year-over-year basis. As a group, analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were paid a $0.08 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. Jabil's dividend payout ratio (DPR) is 6.21%.

Insider Transactions at Jabil

In related news, EVP Andrew Priestley sold 3,782 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $225.00, for a total value of $850,950.00. Following the completion of the transaction, the executive vice president owned 48,535 shares of the company's stock, valued at approximately $10,920,375. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Anousheh Ansari sold 1,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $222.75, for a total value of $222,750.00. Following the transaction, the director directly owned 36,400 shares in the company, valued at approximately $8,108,100. This represents a 2.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,371 shares of company stock valued at $22,085,161 in the last three months. 1.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on JBL shares. Zacks Research lowered Jabil from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Bank of America upped their price objective on Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $230.00 price objective (up previously from $170.00) on shares of Jabil in a report on Wednesday, June 18th. UBS Group boosted their target price on Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Finally, Wall Street Zen downgraded Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $231.71.

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).