3,057 Shares in Jabil Inc. (NYSE:JBL) Bought by iSAM Funds UK Ltd

iSAM Funds UK Ltd acquired a new position in shares of Jabil Inc. (NYSE:JBL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,057 shares of the technology company’s stock, valued at approximately $440,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp raised its holdings in Jabil by 50.4% during the fourth quarter. Truist Financial Corp now owns 12,037 shares of the technology company’s stock worth $1,732,000 after purchasing an additional 4,034 shares during the last quarter. Merit Financial Group LLC acquired a new position in shares of Jabil in the fourth quarter worth $235,000. Keybank National Association OH acquired a new position in shares of Jabil in the fourth quarter worth $214,000. Principal Financial Group Inc. raised its holdings in shares of Jabil by 4.4% in the fourth quarter. Principal Financial Group Inc. now owns 143,266 shares of the technology company’s stock worth $20,616,000 after acquiring an additional 5,993 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Jabil by 6.6% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 32,104 shares of the technology company’s stock worth $4,620,000 after acquiring an additional 1,995 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JBL has been the subject of a number of analyst reports. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a report on Monday. Barclays boosted their price target on Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. The Goldman Sachs Group cut their price target on Jabil from $175.00 to $146.00 and set a “buy” rating for the company in a report on Thursday, April 10th. UBS Group lifted their price objective on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. lowered their price objective on Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.50.

Insider Transactions at Jabil

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

Jabil Price Performance

JBL stock opened at $167.47 on Wednesday. The stock has a 50-day moving average price of $142.79 and a two-hundred day moving average price of $145.91. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. 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 company has a market cap of $17.98 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL) last posted its quarterly 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 firm had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. As a group, research analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil’s payout ratio is 7.66%.

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).