39,342 Shares in Jabil Inc. (NYSE:JBL) Purchased by Woodline Partners LP

Woodline Partners LP bought a new stake in shares of Jabil Inc. (NYSE:JBL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 39,342 shares of the technology company's stock, valued at approximately $5,661,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JBL. Truist Financial Corp grew its holdings in Jabil by 50.4% in the fourth quarter. Truist Financial Corp now owns 12,037 shares of the technology company's stock valued at $1,732,000 after purchasing an additional 4,034 shares during the period. Merit Financial Group LLC purchased a new position in shares of Jabil during the 4th quarter valued at approximately $235,000. Keybank National Association OH acquired a new stake in Jabil in the 4th quarter valued at $214,000. Principal Financial Group Inc. increased its holdings in Jabil by 4.4% in the 4th quarter. Principal Financial Group Inc. now owns 143,266 shares of the technology company's stock worth $20,616,000 after acquiring an additional 5,993 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Jabil by 6.6% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 32,104 shares of the technology company's stock worth $4,620,000 after acquiring an additional 1,995 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Price Performance

JBL stock traded down $1.54 during mid-day trading on Wednesday, reaching $167.63. The company's stock had a trading volume of 801,697 shares, compared to its average volume of 1,422,170. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The company's 50 day moving average is $145.54 and its two-hundred day moving average is $147.04. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The stock has a market cap of $17.99 billion, a PE ratio of 16.07, a P/E/G ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. During the same quarter last year, the firm earned $1.68 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Analyst Ratings Changes

Several research firms have issued reports on JBL. The Goldman Sachs Group decreased their price objective on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Wall Street Zen raised shares of Jabil from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. Barclays lifted their price objective on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. JPMorgan Chase & Co. reduced their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, UBS Group lifted their price target on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Jabil currently has an average rating of "Moderate Buy" and an average price target of $158.50.

Insider Transactions at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the sale, the chairman now owns 1,730,192 shares in the company, valued at $227,624,059.52. This trade represents a 1.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Dastoor sold 10,000 shares of Jabil stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the sale, the chief executive officer now directly owns 221,693 shares in the company, valued at approximately $37,665,640.70. The trade was a 4.32% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.73% of the company's stock.

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).