Nisa Investment Advisors LLC Has $5.88 Million Stock Holdings in Jabil, Inc. (NYSE:JBL)

Nisa Investment Advisors LLC grew its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 17.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,204 shares of the technology company's stock after purchasing an additional 6,428 shares during the period. Nisa Investment Advisors LLC's holdings in Jabil were worth $5,879,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of JBL. Creative Financial Designs Inc. ADV acquired a new stake in shares of Jabil in the 1st quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Jabil during the 4th quarter worth approximately $29,000. Harbor Capital Advisors Inc. raised its position in shares of Jabil by 110.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after purchasing an additional 116 shares during the period. Millstone Evans Group LLC bought a new position in Jabil during the 4th quarter valued at $37,000. Finally, Golden State Wealth Management LLC grew its stake in shares of Jabil by 2,400.0% in the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock worth $37,000 after purchasing an additional 264 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Activity

In other news, Director Steven A. Raymund sold 15,955 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $216.83, for a total transaction of $3,459,522.65. Following the transaction, the director directly owned 99,828 shares of the company's stock, valued at approximately $21,645,705.24. This represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Andrew Priestley sold 13,913 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the completion of the transaction, the executive vice president owned 53,528 shares of the company's stock, valued at approximately $10,875,283.76. This represents a 20.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 297,431 shares of company stock worth $58,163,159. Company insiders own 1.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group lifted their price objective on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. Raymond James Financial reiterated a "strong-buy" rating and issued a $230.00 target price (up from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. Wall Street Zen lowered shares of Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Barclays upped their price objective on shares of Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. Finally, The Goldman Sachs Group upped their price objective on shares of Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. One investment 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $225.71.

Jabil Stock Down 0.8%

NYSE:JBL traded down $1.74 during mid-day trading on Tuesday, reaching $218.78. The company's stock had a trading volume of 1,131,808 shares, compared to its average volume of 1,417,982. The firm has a market capitalization of $23.48 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. 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 stock has a fifty day moving average of $185.78 and a 200-day moving average of $161.53. Jabil, Inc. has a 1 year low of $95.85 and a 1 year high of $227.54.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, beating analysts' consensus estimates of $2.28 by $0.27. The company had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%. The firm's quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 EPS. Equities research analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date was Thursday, May 15th. Jabil's dividend payout ratio is currently 6.21%.

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).