Jabil Inc. (NYSE:JBL) Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp boosted its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 264.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,127 shares of the technology company's stock after acquiring an additional 11,705 shares during the period. OMERS ADMINISTRATION Corp's holdings in Jabil were worth $2,321,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP grew its position in shares of Jabil by 70,781.4% in the fourth quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock valued at $835,876,000 after purchasing an additional 5,800,535 shares in the last quarter. Norges Bank purchased a new stake in Jabil in the 4th quarter valued at $218,430,000. Jacobs Levy Equity Management Inc. increased its stake in shares of Jabil by 16,190.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company's stock worth $79,539,000 after acquiring an additional 549,347 shares during the last quarter. FMR LLC increased its stake in shares of Jabil by 8.1% in the 4th quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock worth $796,220,000 after acquiring an additional 416,841 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Jabil during the 4th quarter worth $43,312,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Buying and Selling at Jabil

In related news, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the sale, the chairman now directly owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. This represents a 1.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Dastoor sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the completion of the transaction, the chief executive officer now directly owns 221,693 shares of the company's stock, valued at $37,665,640.70. This represents a 4.32% decrease in their position. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by corporate insiders.

Jabil Trading Up 0.8%

Shares of JBL stock traded up $1.35 during trading hours on Friday, hitting $167.88. The company had a trading volume of 828,016 shares, compared to its average volume of 1,444,195. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The stock has a market capitalization of $18.02 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. The company's fifty day moving average is $141.38 and its 200 day moving average is $145.32. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the previous year, the company earned $1.68 earnings per share. The firm's quarterly revenue was down .6% compared to the same quarter last year. Research analysts expect that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Thursday, May 15th. Jabil's dividend payout ratio (DPR) is 7.66%.

Analyst Upgrades and Downgrades

JBL has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. UBS Group raised their price target on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. The Goldman Sachs Group decreased their price objective on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. StockNews.com cut Jabil from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Finally, JPMorgan Chase & Co. reduced their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $158.50.

About Jabil

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).