Assenagon Asset Management S.A. Buys 8,965 Shares of Jabil Inc. (NYSE:JBL)

Assenagon Asset Management S.A. raised its position in Jabil Inc. (NYSE:JBL - Free Report) by 310.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,853 shares of the technology company's stock after purchasing an additional 8,965 shares during the period. Assenagon Asset Management S.A.'s holdings in Jabil were worth $1,510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of JBL. Cetera Advisor Networks LLC increased its position in shares of Jabil by 4.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 3,989 shares of the technology company's stock valued at $246,000 after purchasing an additional 180 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Jabil in the 1st quarter valued at $399,000. Great West Life Assurance Co. Can grew its position in shares of Jabil by 10.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company's stock valued at $5,312,000 after buying an additional 7,933 shares during the last quarter. Sei Investments Co. grew its position in shares of Jabil by 58.6% in the 1st quarter. Sei Investments Co. now owns 382,918 shares of the technology company's stock valued at $23,633,000 after buying an additional 141,511 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of Jabil by 656.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 21,700 shares of the technology company's stock valued at $1,340,000 after buying an additional 18,832 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Stock Performance

Shares of JBL stock traded up $4.59 during mid-day trading on Friday, hitting $140.47. The stock had a trading volume of 1,147,582 shares, compared to its average volume of 1,646,049. Jabil Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $156.94. The firm has a market cap of $17.92 billion, a PE ratio of 12.06, a PEG ratio of 1.45 and a beta of 1.40. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.12 and a quick ratio of 0.73. The company's 50-day simple moving average is $137.64 and its 200-day simple moving average is $129.89.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Thursday, February 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, February 14th. Jabil's dividend payout ratio (DPR) is presently 2.75%.

Insider Transactions at Jabil

In related news, Chairman Mark T. Mondello sold 50,000 shares of the firm's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total value of $6,304,500.00. Following the completion of the sale, the chairman now owns 1,809,194 shares in the company, valued at $228,121,271.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Mark T. Mondello sold 50,000 shares of the firm's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total value of $6,304,500.00. Following the completion of the sale, the chairman now owns 1,809,194 shares in the company, valued at $228,121,271.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Roberto Ferri sold 6,183 shares of the firm's stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $129.97, for a total transaction of $803,604.51. Following the completion of the sale, the senior vice president now owns 37,512 shares of the company's stock, valued at approximately $4,875,434.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,483 shares of company stock worth $10,961,761. Company insiders own 2.62% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on JBL. The Goldman Sachs Group increased their target price on shares of Jabil from $141.00 to $161.00 and gave the company a "buy" rating in a research report on Monday, March 4th. Stifel Nicolaus increased their price target on shares of Jabil from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, December 15th. Argus cut shares of Jabil from a "buy" rating to a "hold" rating in a research note on Tuesday, March 19th. StockNews.com cut shares of Jabil from a "buy" rating to a "hold" rating in a research note on Tuesday, March 26th. Finally, Barclays decreased their price target on shares of Jabil from $151.00 to $149.00 and set an "overweight" rating for the company in a research note on Monday, March 18th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Jabil currently has an average rating of "Moderate Buy" and a consensus target price of $144.50.

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).