Mn Services Vermogensbeheer B.V. Has $6.34 Million Stake in Jabil, Inc. (NYSE:JBL)

Mn Services Vermogensbeheer B.V. lessened its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,600 shares of the technology company's stock after selling 6,600 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Jabil were worth $6,341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Jabil in the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Jabil in the fourth quarter worth $29,000. Harbor Capital Advisors Inc. lifted its stake in shares of Jabil by 110.5% in the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after buying an additional 116 shares during the last quarter. Millstone Evans Group LLC acquired a new position in Jabil during the 4th quarter worth $37,000. Finally, First Horizon Advisors Inc. lifted its position in Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock worth $39,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Insiders Place Their Bets

In related news, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction dated 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 completion of the sale, the chairman now directly owns 1,730,192 shares in the company, valued at $227,624,059.52. This trade represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Dastoor sold 10,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total value of $1,699,000.00. Following the transaction, the chief executive officer now owns 221,693 shares of the company's stock, valued at $37,665,640.70. The trade was a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $7,665,200 over the last three months. 1.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JBL. JPMorgan Chase & Co. boosted their price objective on Jabil from $180.00 to $214.00 and gave the stock an "overweight" rating in a research report on Wednesday. Raymond James Financial reiterated a "strong-buy" rating and set a $230.00 price target (up from $170.00) on shares of Jabil in a report on Wednesday. UBS Group upped their target price on shares of Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research note on Wednesday. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Barclays upped their price objective on shares of Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $200.00.

Jabil Price Performance

Shares of JBL stock traded up $7.54 during mid-day trading on Wednesday, reaching $204.43. The company's stock had a trading volume of 3,556,070 shares, compared to its average volume of 1,457,520. Jabil, Inc. has a 1-year low of $95.85 and a 1-year high of $207.03. The company has a market cap of $21.95 billion, a P/E ratio of 39.69, a PEG ratio of 1.90 and a beta of 1.14. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.66 and a current ratio of 0.98. The firm's 50-day moving average is $157.94 and its two-hundred day moving average is $151.63.

Jabil (NYSE:JBL - Get Free Report) last posted 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 net margin of 2.02% and a return on equity of 60.19%. The firm had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the prior year, the business posted $1.89 earnings per share. The company's quarterly revenue was up 15.7% compared to the same quarter last year. On average, research analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were paid 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 0.16%. Jabil's dividend payout ratio is currently 7.66%.

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).