National Bank of Canada FI Has $3.82 Million Stock Position in Jabil Inc. (NYSE:JBL)

National Bank of Canada FI grew its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 6,263.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,846 shares of the technology company's stock after purchasing an additional 29,377 shares during the period. National Bank of Canada FI's holdings in Jabil were worth $3,824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of JBL. Alaska Permanent Fund Corp acquired a new stake in shares of Jabil in the 4th quarter worth about $29,000. CVA Family Office LLC acquired a new stake in shares of Jabil in the 4th quarter worth about $36,000. Valley National Advisers Inc. acquired a new stake in shares of Jabil in the 4th quarter worth about $36,000. Hanseatic Management Services Inc. acquired a new stake in shares of Jabil in the 3rd quarter worth about $48,000. Finally, Allworth Financial LP increased its holdings in shares of Jabil by 745.8% in the 4th quarter. Allworth Financial LP now owns 406 shares of the technology company's stock worth $52,000 after acquiring an additional 358 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Argus cut shares of Jabil from a "buy" rating to a "hold" rating in a report on Tuesday, March 19th. StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a research note on Tuesday, April 23rd. The Goldman Sachs Group raised their target price on shares of Jabil from $141.00 to $161.00 and gave the company a "buy" rating in a research note on Monday, March 4th. Finally, Barclays lowered their target price on shares of Jabil from $151.00 to $149.00 and set an "overweight" rating on the stock in a research note on Monday, March 18th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $144.50.

Jabil Price Performance

Shares of NYSE:JBL traded down $0.10 during trading hours on Monday, hitting $117.85. 1,338,622 shares of the company's stock traded hands, compared to its average volume of 1,360,756. Jabil Inc. has a 52 week low of $79.08 and a 52 week high of $156.94. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. The company's fifty day simple moving average is $131.27 and its two-hundred day simple moving average is $129.71. The company has a market cap of $14.21 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 1.25 and a beta of 1.42.

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 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 business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.91 billion. As a group, equities analysts anticipate that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Announces Dividend

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

Insiders Place Their Bets

In other Jabil 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 transaction, the chairman now directly owns 1,809,194 shares in the company, valued at $228,121,271.46. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Chairman Mark T. Mondello sold 50,000 shares of the 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 completion of the sale, the chairman now directly owns 1,809,194 shares of the company's stock, valued at $228,121,271.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP May Yee Yap sold 7,877 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the sale, the senior vice president now directly owns 29,006 shares of the company's stock, valued at $4,050,687.90. The disclosure for this sale can be found here. Insiders sold a total of 75,877 shares of company stock worth $9,824,383 over the last ninety days. 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).