Zurcher Kantonalbank Zurich Cantonalbank Has $2.82 Million Stock Position in Jabil Inc. (NYSE:JBL)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Jabil Inc. (NYSE:JBL) by 32.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,117 shares of the technology company’s stock after purchasing an additional 5,460 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Jabil were worth $2,818,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. HB Wealth Management LLC raised its stake in Jabil by 3.9% during the 4th quarter. HB Wealth Management LLC now owns 2,183 shares of the technology company’s stock worth $278,000 after buying an additional 82 shares during the period. Signaturefd LLC increased its holdings in Jabil by 1.3% during the 3rd quarter. Signaturefd LLC now owns 6,761 shares of the technology company’s stock worth $858,000 after purchasing an additional 86 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Jabil by 0.9% during the 4th quarter. Mackenzie Financial Corp now owns 10,258 shares of the technology company’s stock worth $1,307,000 after purchasing an additional 90 shares in the last quarter. IFP Advisors Inc increased its holdings in Jabil by 2.0% during the 3rd quarter. IFP Advisors Inc now owns 4,608 shares of the technology company’s stock worth $585,000 after purchasing an additional 92 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in Jabil by 3.2% during the 3rd quarter. Fifth Third Bancorp now owns 3,836 shares of the technology company’s stock worth $487,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Buying and Selling

In related news, CEO Kenneth S. Wilson sold 15,000 shares of Jabil stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the transaction, the chief executive officer now owns 339,725 shares in the company, valued at $45,591,095. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the transaction, the chief executive officer now directly owns 339,725 shares in the company, valued at $45,591,095. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP May Yee Yap sold 7,877 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the transaction, the senior vice president now owns 29,006 shares of the company’s stock, valued at $4,050,687.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 107,177 shares of company stock worth $13,678,039. Company insiders own 2.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JBL. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Barclays lowered their target price on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a report on Monday, March 18th. The Goldman Sachs Group increased their target price on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Argus cut Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Jabil presently has an average rating of “Moderate Buy” and an average price target of $144.50.

Jabil Price Performance

Shares of NYSE JBL opened at $119.25 on Tuesday. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 1.26 and a beta of 1.40. The business has a 50-day moving average of $137.60 and a 200-day moving average of $131.09. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. Jabil Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $156.94.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). Jabil had a return on equity of 39.47% and a net margin of 4.70%. The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.91 billion. As a group, sell-side analysts predict that Jabil Inc. will post 7.83 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, 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 0.27%. The ex-dividend date is Tuesday, May 14th. Jabil’s payout ratio is currently 2.75%.

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).