Mesirow Institutional Investment Management Inc. Makes New $2.93 Million Investment in Jabil Inc. (NYSE:JBL)

Mesirow Institutional Investment Management Inc. acquired a new position in shares of Jabil Inc. (NYSE:JBL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,332 shares of the technology company's stock, valued at approximately $2,926,000.

Other hedge funds have also bought and sold shares of the company. Meyer Handelman Co. acquired a new stake in shares of Jabil in the 4th quarter valued at about $7,334,000. Davis Investment Partners LLC bought a new stake in Jabil during the fourth quarter worth $1,433,000. Truist Financial Corp boosted its holdings in shares of Jabil by 50.4% in the 4th quarter. Truist Financial Corp now owns 12,037 shares of the technology company's stock worth $1,732,000 after buying an additional 4,034 shares during the last quarter. Merit Financial Group LLC bought a new position in Jabil during the fourth quarter valued at about $235,000. Finally, Keybank National Association OH purchased a new stake in Jabil during the fourth quarter worth about $214,000. Institutional investors own 93.39% of the company's stock.

Insider Transactions at Jabil

In related news, Chairman Mark T. Mondello sold 20,000 shares of the business's 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 transaction, the chairman now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the sale, the director now owns 12,900 shares of the company's stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.73% of the company's stock.

Jabil Trading Up 0.4 %

Shares of JBL traded up $0.54 during mid-day trading on Friday, reaching $146.67. The company's stock had a trading volume of 1,049,670 shares, compared to its average volume of 1,469,296. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The stock has a market cap of $15.74 billion, a PE ratio of 14.06, a P/E/G ratio of 1.65 and a beta of 1.12. The company's fifty day moving average price is $139.91 and its two-hundred day moving average price is $141.99. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

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

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Thursday, May 15th. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Barclays increased their target price 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. JPMorgan Chase & Co. reduced their price objective on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group dropped their price target on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. UBS Group lifted their price objective on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, StockNews.com downgraded shares of Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus 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).