Mizuho Securities USA LLC Purchases 3,339 Shares of Jabil Inc. (NYSE:JBL)

Mizuho Securities USA LLC lifted its position in Jabil Inc. (NYSE:JBL) by 45.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,695 shares of the technology company’s stock after buying an additional 3,339 shares during the period. Mizuho Securities USA LLC’s holdings in Jabil were worth $1,539,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new stake in shares of Jabil in the fourth quarter worth about $27,000. Millstone Evans Group LLC bought a new stake in Jabil during the 4th quarter worth approximately $37,000. Brooklyn Investment Group bought a new stake in Jabil during the 3rd quarter worth approximately $39,000. First Horizon Advisors Inc. raised its holdings in Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after buying an additional 130 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Jabil in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. UBS Group raised their price objective on shares of Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. JPMorgan Chase & Co. lifted their price target on Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research report on Friday, March 21st. Finally, Barclays upped their price target on Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $167.50.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the 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 transaction, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This represents a 2.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Plant sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the sale, the director now owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. This represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock worth $12,804,458 over the last 90 days. Company insiders own 1.73% of the company’s stock.

Jabil Stock Down 1.2 %

JBL stock opened at $148.20 on Wednesday. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The company has a market cap of $16.18 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 1.65 and a beta of 1.19. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The business has a 50 day moving average price of $155.73 and a two-hundred day moving average price of $139.06.

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

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 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).