2,318 Shares in Jabil Inc. (NYSE:JBL) Acquired by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. purchased a new position in shares of Jabil Inc. (NYSE:JBL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,318 shares of the technology company’s stock, valued at approximately $334,000.

A number of other institutional investors and hedge funds have also modified their holdings of JBL. Farther Finance Advisors LLC raised its stake in shares of Jabil by 31.3% during the third quarter. Farther Finance Advisors LLC now owns 1,081 shares of the technology company’s stock worth $130,000 after buying an additional 258 shares during the last quarter. Van ECK Associates Corp increased its stake in Jabil by 6.0% in the third quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock valued at $195,000 after purchasing an additional 90 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Jabil by 21.8% in the third quarter. Asset Management One Co. Ltd. now owns 56,008 shares of the technology company’s stock valued at $6,711,000 after purchasing an additional 10,026 shares in the last quarter. QRG Capital Management Inc. increased its stake in Jabil by 12.8% in the third quarter. QRG Capital Management Inc. now owns 5,978 shares of the technology company’s stock valued at $716,000 after purchasing an additional 680 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Jabil in the third quarter valued at approximately $32,000. 93.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the transaction, the executive vice president now owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the transaction, the director now directly owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Barclays upped their price target on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. UBS Group upped their price target on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Finally, The Goldman Sachs Group upped their price target on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $158.83.

Jabil Stock Performance

Shares of JBL opened at $139.74 on Friday. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The firm has a fifty day simple moving average of $158.43 and a 200 day simple moving average of $136.12. The stock has a market capitalization of $15.26 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 1.65 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter in the prior year, the company posted $2.60 earnings per share. The firm’s revenue was down 16.6% on a year-over-year basis. Research analysts forecast that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.23%. The ex-dividend date was Tuesday, February 18th. Jabil’s payout ratio is 3.07%.

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).