Hsbc Holdings PLC Acquires 79,354 Shares of Jabil Inc. (NYSE:JBL)

Hsbc Holdings PLC grew its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 47.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 246,875 shares of the technology company's stock after acquiring an additional 79,354 shares during the quarter. Hsbc Holdings PLC owned 0.23% of Jabil worth $35,596,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JBL. Barclays PLC lifted its position in Jabil by 33.5% during the 3rd quarter. Barclays PLC now owns 327,969 shares of the technology company's stock worth $39,300,000 after buying an additional 82,312 shares in the last quarter. Virtu Financial LLC grew its position in shares of Jabil by 157.9% in the third quarter. Virtu Financial LLC now owns 15,091 shares of the technology company's stock valued at $1,808,000 after purchasing an additional 9,239 shares during the last quarter. Te Ahumairangi Investment Management Ltd increased its position in Jabil by 365.6% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 20,767 shares of the technology company's stock worth $2,474,000 after buying an additional 16,307 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Jabil during the third quarter worth $347,000. Finally, Synovus Financial Corp boosted its position in shares of Jabil by 92.8% in the third quarter. Synovus Financial Corp now owns 18,056 shares of the technology company's stock valued at $2,164,000 after acquiring an additional 8,693 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Stock Performance

JBL traded up $2.36 during trading on Thursday, hitting $148.92. 276,943 shares of the company traded hands, compared to its average volume of 1,456,489. The firm has a market cap of $15.99 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The stock's fifty day moving average is $138.75 and its 200 day moving average is $142.47.

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

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors 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 yield of 0.21%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil's dividend payout ratio is currently 7.66%.

Analysts Set New Price Targets

Several analysts have recently issued reports on JBL shares. The Goldman Sachs Group reduced their target price on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. dropped their target price on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. UBS Group lifted their price objective on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. StockNews.com cut Jabil from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Finally, Barclays lifted their price target on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.50.

Insider Activity at Jabil

In other Jabil 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 transaction of $2,631,200.00. Following the completion of the sale, the chairman now owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. The trade was a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the transaction, the director now directly owns 12,900 shares in the company, valued at $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by corporate insiders.

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).