Mitsubishi UFJ Asset Management Co. Ltd. Increases Position in Jabil Inc. (NYSE:JBL)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 137.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,056 shares of the technology company's stock after purchasing an additional 73,600 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.10% of Jabil worth $16,181,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new position in shares of Jabil in the third quarter valued at approximately $63,000. Lecap Asset Management Ltd. bought a new position in shares of Jabil in the fourth quarter worth $1,146,000. D.A. Davidson & CO. raised its position in shares of Jabil by 15.3% in the third quarter. D.A. Davidson & CO. now owns 29,305 shares of the technology company's stock worth $3,719,000 after buying an additional 3,887 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Jabil during the fourth quarter valued at $3,733,000. Finally, Deutsche Bank AG grew its position in Jabil by 87.1% during the third quarter. Deutsche Bank AG now owns 185,371 shares of the technology company's stock worth $23,522,000 after buying an additional 86,285 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

Jabil Trading Down 0.3 %

NYSE:JBL traded down $0.36 during trading hours on Friday, reaching $115.02. The company's stock had a trading volume of 1,136,706 shares, compared to its average volume of 1,597,752. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 1.23 and a beta of 1.42. The firm has a 50-day simple moving average of $127.72 and a 200-day simple moving average of $129.46. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. Jabil Inc. has a 1 year low of $82.68 and a 1 year high of $156.94.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results 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). 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%. Research analysts expect that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 annualized dividend and a yield of 0.28%. Jabil's payout ratio is currently 2.75%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on JBL shares. StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a research report on Tuesday, April 23rd. The Goldman Sachs Group boosted their price target on shares of Jabil from $141.00 to $161.00 and gave the stock a "buy" rating in a research note on Monday, March 4th. Argus cut shares of Jabil from a "buy" rating to a "hold" rating in a research report on Tuesday, March 19th. 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 note on Monday, March 18th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $144.50.

Insiders Place Their Bets

In other news, EVP Gerald Creadon sold 3,000 shares of the company's stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total transaction of $406,860.00. Following the completion of the transaction, the executive vice president now directly owns 65,434 shares of the company's stock, valued at $8,874,159.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Gerald Creadon sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the completion of the transaction, the executive vice president now owns 65,434 shares in the company, valued at $8,874,159.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kenneth S. Wilson sold 15,000 shares of Jabil stock in a transaction on Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the sale, the chief executive officer now owns 339,725 shares in the company, valued at approximately $45,591,095. The disclosure for this sale can be found here. Insiders have sold a total of 75,877 shares of company stock valued at $9,824,383 in the last quarter. Insiders own 2.62% of the company's stock.

Jabil Company 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).