Jabil Inc. (NYSE:JBL) Stock Holdings Boosted by Mariner LLC

Mariner LLC grew its stake in Jabil Inc. (NYSE:JBL - Free Report) by 15.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,084 shares of the technology company's stock after acquiring an additional 2,327 shares during the quarter. Mariner LLC's holdings in Jabil were worth $2,458,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

JBL has been the topic of several recent analyst reports. UBS Group increased their target price on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. 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 research report on Thursday, April 10th. Barclays increased their target price on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. dropped their price target on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Jabil has a consensus rating of "Moderate Buy" and a consensus price target of $158.50.

Insider Activity at Jabil

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction on Friday, January 31st. The shares were 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 of the company's stock, valued at approximately $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction 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 directly owns 1,730,192 shares in the company, valued at $227,624,059.52. This trade represents a 1.14 % 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 Stock Down 0.3 %

Shares of JBL stock traded down $0.46 during trading hours on Monday, reaching $146.46. The company had a trading volume of 838,855 shares, compared to its average volume of 1,464,891. 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 Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The company has a market capitalization of $15.72 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The stock's fifty day simple moving average is $139.46 and its 200 day simple moving average is $142.41.

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

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be issued a $0.08 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.22%. Jabil's dividend payout ratio is presently 7.66%.

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).