Schroder Investment Management Group Purchases 681 Shares of Jabil Inc. (NYSE:JBL)

Schroder Investment Management Group grew its position in shares of Jabil Inc. (NYSE:JBL) by 32.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,780 shares of the technology company’s stock after buying an additional 681 shares during the period. Schroder Investment Management Group’s holdings in Jabil were worth $400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Jabil during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Jabil during the fourth quarter worth approximately $29,000. Millstone Evans Group LLC acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $37,000. First Horizon Advisors Inc. boosted its stake in shares of Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after buying an additional 130 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new stake in Jabil during the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insiders Place Their Bets

In related news, Director John C. Plant sold 50,000 shares of Jabil 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 transaction, the director now directly owns 5,900 shares of the company’s stock, valued at $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now directly owns 12,900 shares of the company’s stock, valued at $2,093,283. This represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,400 shares of company stock valued at $12,205,218 in the last ninety days. 1.73% of the stock is currently owned by insiders.

Jabil Price Performance

Shares of NYSE:JBL opened at $120.19 on Wednesday. The firm has a 50 day simple moving average of $148.20 and a 200 day simple moving average of $140.67. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.65 and a beta of 1.12. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter last year, the business posted $1.68 EPS. Jabil’s revenue for the quarter was down .6% on a year-over-year basis. Research analysts predict that Jabil Inc. will post 8.05 earnings per share 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 given a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.27%. Jabil’s dividend payout ratio is presently 7.66%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group lifted their price objective on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a report on Monday, February 24th. UBS Group boosted their price target on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. JPMorgan Chase & Co. upped their price target on shares of Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. Finally, Barclays increased their price target on shares of Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $167.50.

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).