Quantinno Capital Management LP Raises Stock Holdings in Jabil Inc. (NYSE:JBL)

Quantinno Capital Management LP grew its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,697 shares of the technology company's stock after acquiring an additional 11,300 shares during the period. Quantinno Capital Management LP owned about 0.10% of Jabil worth $15,642,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JBL. Barclays PLC lifted its holdings in Jabil by 33.5% in the third quarter. Barclays PLC now owns 327,969 shares of the technology company's stock valued at $39,300,000 after acquiring an additional 82,312 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Jabil by 13.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,039 shares of the technology company's stock valued at $2,164,000 after purchasing an additional 1,760 shares during the period. Czech National Bank boosted its holdings in Jabil by 5.9% during the fourth quarter. Czech National Bank now owns 24,467 shares of the technology company's stock worth $3,521,000 after buying an additional 1,358 shares in the last quarter. Pallas Capital Advisors LLC grew its position in Jabil by 8.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 2,123 shares of the technology company's stock valued at $306,000 after buying an additional 158 shares during the period. Finally, Wright Investors Service Inc. purchased a new position in Jabil in the fourth quarter valued at $1,851,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Trading Up 3.3%

NYSE:JBL opened at $167.13 on Wednesday. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The stock has a fifty day moving average price of $139.46 and a 200 day moving average price of $144.44. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a market cap of $17.94 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.68 EPS. Sell-side analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the sale, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. The trade was a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.73% 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).

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