International Assets Investment Management LLC Makes New $3.73 Million Investment in Jabil Inc. (NYSE:JBL)

International Assets Investment Management LLC purchased a new position in Jabil Inc. (NYSE:JBL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,302 shares of the technology company's stock, valued at approximately $3,733,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CVA Family Office LLC bought a new position in shares of Jabil during the 4th quarter valued at approximately $36,000. Hanseatic Management Services Inc. bought a new position in shares of Jabil during the 3rd quarter valued at approximately $48,000. Ceredex Value Advisors LLC bought a new position in shares of Jabil during the 3rd quarter valued at approximately $51,000. Amundi boosted its position in shares of Jabil by 419.8% during the 4th quarter. Amundi now owns 421 shares of the technology company's stock valued at $32,000 after acquiring an additional 340 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Jabil during the 3rd quarter valued at approximately $63,000. 93.39% of the stock is currently owned by institutional investors.

Jabil Stock Down 0.0 %

Shares of JBL traded down $0.06 during mid-day trading on Thursday, hitting $129.59. 662,038 shares of the company traded hands, compared to its average volume of 1,317,825. Jabil Inc. has a 1-year low of $75.48 and a 1-year high of $156.94. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $15.63 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40. The business has a 50 day moving average of $138.45 and a 200 day moving average of $131.19.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.01). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.91 billion. Equities research analysts anticipate that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. Jabil's dividend payout ratio (DPR) is currently 2.75%.

Insider Activity

In related news, SVP May Yee Yap sold 7,877 shares of the company's stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the sale, the senior vice president now owns 29,006 shares in the company, valued at $4,050,687.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP May Yee Yap sold 7,877 shares of the company's stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the sale, the senior vice president now owns 29,006 shares in the company, valued at $4,050,687.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David M. Stout sold 31,300 shares of the company's stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $123.12, for a total value of $3,853,656.00. Following the completion of the sale, the director now owns 67,300 shares in the company, valued at approximately $8,285,976. The disclosure for this sale can be found here. Insiders have sold a total of 107,177 shares of company stock worth $13,678,039 over the last 90 days. 2.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JBL. The Goldman Sachs Group increased their target price on Jabil from $141.00 to $161.00 and gave the company a "buy" rating in a research report on Monday, March 4th. Argus lowered shares of Jabil from a "buy" rating to a "hold" rating in a research note on Tuesday, March 19th. StockNews.com lowered shares of Jabil from a "buy" rating to a "hold" rating in a research note on Tuesday, March 26th. Finally, Barclays lowered their target price 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 research 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. Based on data from MarketBeat.com, Jabil presently has a consensus rating of "Moderate Buy" and an average price target 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).