Jacobs Levy Equity Management Inc. Purchases 549,347 Shares of Jabil Inc. (NYSE:JBL)

Jacobs Levy Equity Management Inc. lifted its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 16,190.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 552,740 shares of the technology company's stock after purchasing an additional 549,347 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.51% of Jabil worth $79,539,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in JBL. Wellington Management Group LLP raised its position in Jabil by 70,781.4% in the fourth quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock worth $835,876,000 after acquiring an additional 5,800,535 shares during the period. Norges Bank bought a new position in Jabil in the 4th quarter worth $218,430,000. FMR LLC lifted its position in Jabil by 8.1% during the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock valued at $796,220,000 after purchasing an additional 416,841 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Jabil during the fourth quarter valued at about $43,312,000. Finally, JPMorgan Chase & Co. increased its position in Jabil by 18.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company's stock worth $270,187,000 after buying an additional 288,806 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Stock Performance

Shares of NYSE JBL opened at $153.97 on Friday. The firm's fifty day moving average is $138.51 and its two-hundred day moving average is $143.89. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The company has a market cap of $16.53 billion, a P/E ratio of 14.76, a P/E/G ratio of 1.65 and a beta of 1.11. 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 posted its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. The company had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 earnings per share. As a group, analysts anticipate that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

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

Insider Activity at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction dated 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 sale, the chairman now directly owns 1,730,192 shares in the company, valued at $227,624,059.52. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.73% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

JBL has been the subject of a number of recent research reports. StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. JPMorgan Chase & Co. dropped their price target 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. Barclays raised their price objective on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. UBS Group increased 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. Finally, The Goldman Sachs Group lowered their price objective on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $158.50.

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).

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