Robeco Institutional Asset Management B.V. Purchases 623,208 Shares of Jabil, Inc. $JBL

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its stake in Jabil, Inc. by purchasing an additional 623,208 shares, raising its total ownership to 636,776 shares valued at approximately $138.88 million.
• The company has declared a $0.08 quarterly dividend, representing a 0.1% dividend yield with a payout ratio of 5.37%.
• Analysts have shown positive sentiment towards Jabil, with several raising their price targets, including Bank of America increasing its target from $245 to $255.

Robeco Institutional Asset Management B.V. lifted its position in Jabil, Inc. (NYSE:JBL - Free Report) by 4,593.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 636,776 shares of the technology company's stock after purchasing an additional 623,208 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.59% of Jabil worth $138,881,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV bought a new stake in shares of Jabil in the first quarter worth about $27,000. Harbor Capital Advisors Inc. increased its stake in Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after acquiring an additional 116 shares during the last quarter. Groupe la Francaise increased its stake in Jabil by 35.2% during the first quarter. Groupe la Francaise now owns 246 shares of the technology company's stock worth $34,000 after acquiring an additional 64 shares during the last quarter. Financial Management Professionals Inc. increased its stake in Jabil by 58.1% during the second quarter. Financial Management Professionals Inc. now owns 264 shares of the technology company's stock worth $58,000 after acquiring an additional 97 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its stake in Jabil by 2,400.0% during the first quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock worth $37,000 after acquiring an additional 264 shares during the last quarter. 93.39% of the stock is owned by institutional investors.

Jabil Stock Down 1.0%

Shares of NYSE:JBL opened at $214.90 on Thursday. Jabil, Inc. has a 1 year low of $108.66 and a 1 year high of $237.14. The business has a 50 day simple moving average of $216.05 and a two-hundred day simple moving average of $185.83. The firm has a market capitalization of $23.06 billion, a PE ratio of 36.06, a price-to-earnings-growth ratio of 1.54 and a beta of 1.26. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.00 and a quick ratio of 0.66.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were issued 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 payout ratio is presently 5.37%.

Wall Street Analyst Weigh In

JBL has been the topic of several analyst reports. Bank of America boosted their price objective on Jabil from $245.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, September 26th. Raymond James Financial set a $260.00 price objective on Jabil in a research note on Thursday, September 25th. Stifel Nicolaus initiated coverage on Jabil in a research note on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price objective on the stock. Wall Street Zen cut Jabil from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, JPMorgan Chase & Co. boosted their price objective on Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $248.43.

Insider Transactions at Jabil

In related news, Director Steven A. Raymund sold 13,432 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $223.11, for a total value of $2,996,813.52. Following the completion of the sale, the director owned 86,396 shares in the company, valued at approximately $19,275,811.56. The trade was a 13.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Priestley sold 3,702 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $225.00, for a total value of $832,950.00. Following the completion of the sale, the executive vice president owned 44,833 shares of the company's stock, valued at $10,087,425. The trade was a 7.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,416 shares of company stock worth $14,071,089 over the last three months. Company insiders own 1.73% of the company's stock.

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).

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