Jabil Inc. (NYSE:JBL) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its position in Jabil Inc. (NYSE:JBL - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 559,437 shares of the technology company's stock after purchasing an additional 95,646 shares during the quarter. Deutsche Bank AG owned 0.51% of Jabil worth $80,503,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of JBL. SBI Securities Co. Ltd. purchased a new stake in Jabil during the fourth quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Jabil during the 4th quarter worth $29,000. Millstone Evans Group LLC acquired a new stake in Jabil in the 4th quarter valued at $37,000. First Horizon Advisors Inc. raised its position in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after purchasing an additional 130 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Jabil during the fourth quarter worth about $43,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Stock Down 0.3%

Shares of NYSE:JBL opened at $153.97 on Monday. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. 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 firm has a market cap of $16.53 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. The company has a fifty day simple moving average of $138.51 and a 200 day simple moving average of $144.02.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share 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 the consensus estimate of $6.40 billion. During the same quarter in the previous year, the firm earned $1.68 EPS. The company's revenue was down .6% on a year-over-year basis. On average, equities research analysts anticipate that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. Jabil's payout ratio is 7.66%.

Insider Activity

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction on Friday, April 11th. The shares were sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.73% of the company's stock.

Analysts Set New Price Targets

JBL has been the topic of several analyst reports. The Goldman Sachs Group dropped 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. UBS Group boosted their target price on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. StockNews.com lowered shares of Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. JPMorgan Chase & Co. cut their price objective on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Barclays raised their target price on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $158.50.

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).

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