BI Asset Management Fondsmaeglerselskab A S Buys 34,071 Shares of Jabil Inc. (NYSE:JBL)

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 519.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,630 shares of the technology company's stock after purchasing an additional 34,071 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Jabil were worth $5,847,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction 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 sale, the director now directly owns 12,900 shares in the company, valued at $2,093,283. The trade was a 20.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction that occurred on 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 sale, the chairman now owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. The trade was a 1.14 % decrease in their position. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by corporate insiders.

Jabil Stock Up 0.4 %

Jabil stock traded up $0.54 during mid-day trading on Friday, reaching $146.67. The stock had a trading volume of 1,049,670 shares, compared to its average volume of 1,469,296. The firm has a market capitalization of $15.74 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The stock's 50-day simple moving average is $139.91 and its 200-day simple moving average is $141.99. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period last year, the firm earned $1.68 earnings per share. The business's quarterly revenue was down .6% compared to the same quarter last year. On average, sell-side analysts forecast 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. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil's dividend payout ratio is 7.66%.

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).