Nisa Investment Advisors LLC Acquires 6,428 Shares of Jabil, Inc. (NYSE:JBL)

Nisa Investment Advisors LLC lifted its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 17.5% during the 1st quarter, according to its most recent disclosure with the SEC. 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 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its position in Jabil by 21.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 565 shares of the technology company's stock valued at $77,000 after acquiring an additional 99 shares in the last quarter. Utah Retirement Systems grew its stake in shares of Jabil by 0.5% during the fourth quarter. Utah Retirement Systems now owns 18,382 shares of the technology company's stock valued at $2,645,000 after purchasing an additional 100 shares during the last quarter. Atlas Capital Advisors Inc. increased its holdings in shares of Jabil by 1.0% in the fourth quarter. Atlas Capital Advisors Inc. now owns 10,463 shares of the technology company's stock valued at $1,506,000 after purchasing an additional 105 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Jabil by 110.5% in 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 last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its position in Jabil by 0.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 14,075 shares of the technology company's stock worth $2,054,000 after purchasing an additional 119 shares during the last quarter. 93.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on JBL shares. Stifel Nicolaus initiated coverage on Jabil in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 target price for the company. Bank of America lifted their price objective on Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Raymond James Financial restated a "strong-buy" rating and set a $230.00 target price (up from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price target on shares of Jabil from $180.00 to $214.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Finally, UBS Group increased their price objective on shares of Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Jabil currently has a consensus rating of "Buy" and a consensus target price of $225.71.

Insider Buying and Selling

In other news, Director Anousheh Ansari sold 1,000 shares of Jabil stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $222.75, for a total transaction of $222,750.00. Following the transaction, the director owned 36,400 shares in the company, valued at $8,108,100. The trade was a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven A. Raymund sold 15,955 shares of the 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 sale, the director directly owned 99,828 shares of the company's stock, valued at approximately $21,645,705.24. The trade was a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,431 shares of company stock valued at $58,163,159. 1.73% of the stock is owned by company insiders.

Jabil Stock Performance

Shares of JBL stock opened at $221.92 on Friday. The stock has a market cap of $23.82 billion, a PE ratio of 43.09, a price-to-earnings-growth ratio of 1.55 and a beta of 1.20. The stock has a 50-day moving average of $185.78 and a 200-day moving average of $161.34. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64. Jabil, Inc. has a one year low of $95.85 and a one year high of $227.54.

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

Jabil Announces Dividend

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

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.