Louisiana State Employees Retirement System Takes $981,000 Position in Jabil Inc. (NYSE:JBL)

Louisiana State Employees Retirement System bought a new stake in Jabil Inc. (NYSE:JBL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,700 shares of the technology company's stock, valued at approximately $981,000.

Several other large investors also recently bought and sold shares of JBL. CVA Family Office LLC acquired a new stake in shares of Jabil during the fourth quarter valued at $36,000. Valley National Advisers Inc. acquired a new stake in shares of Jabil during the fourth quarter valued at $36,000. Hanseatic Management Services Inc. acquired a new stake in shares of Jabil during the third quarter valued at $48,000. Ceredex Value Advisors LLC acquired a new stake in shares of Jabil during the third quarter valued at $51,000. Finally, Allworth Financial LP boosted its stake in shares of Jabil by 745.8% during the fourth quarter. Allworth Financial LP now owns 406 shares of the technology company's stock valued at $52,000 after acquiring an additional 358 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on JBL. StockNews.com raised Jabil from a "hold" rating to a "buy" rating in a research note on Tuesday. Argus downgraded Jabil from a "buy" rating to a "hold" rating in a research report on Tuesday, March 19th. The Goldman Sachs Group increased their target price on Jabil from $141.00 to $161.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. Finally, Barclays reduced their target price on Jabil from $151.00 to $149.00 and set an "overweight" rating on the stock in a research report on Monday, March 18th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $144.50.

Jabil Trading Down 1.5 %

Shares of Jabil stock traded down $1.76 during trading hours on Thursday, reaching $118.48. The stock had a trading volume of 2,132,470 shares, compared to its average volume of 1,369,541. The firm has a 50 day simple moving average of $136.38 and a two-hundred day simple moving average of $130.86. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 1.29 and a beta of 1.40. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08. Jabil Inc. has a 1 year low of $75.48 and a 1 year high of $156.94.

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

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Jabil's payout ratio is currently 2.75%.

Insider Activity at Jabil

In related news, Director David M. Stout sold 31,300 shares of the firm's stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the sale, the director now directly owns 67,300 shares in the company, valued at approximately $8,285,976. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Jabil news, Director David M. Stout sold 31,300 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $123.12, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Mark T. Mondello sold 50,000 shares of the firm's stock in a transaction that occurred on 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 sale, the chairman now owns 1,809,194 shares of the company's stock, valued at approximately $228,121,271.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 107,177 shares of company stock worth $13,678,039. 2.62% of the stock is currently owned by company insiders.

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).