Janus Henderson Group PLC Acquires 1,334 Shares of Jabil Inc. (NYSE:JBL)

Janus Henderson Group PLC raised its holdings in Jabil Inc. (NYSE:JBL) by 13.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,001 shares of the technology company’s stock after purchasing an additional 1,334 shares during the period. Janus Henderson Group PLC’s holdings in Jabil were worth $1,583,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of JBL. Wellington Management Group LLP grew its holdings in shares of Jabil by 70,781.4% during the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock valued at $835,876,000 after purchasing an additional 5,800,535 shares during the last quarter. Norges Bank acquired a new stake in Jabil in the fourth quarter valued at approximately $218,430,000. FMR LLC grew its stake in shares of Jabil by 8.1% during the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company’s stock worth $796,220,000 after buying an additional 416,841 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Jabil during the fourth quarter worth $43,312,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Jabil by 18.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company’s stock valued at $270,187,000 after acquiring an additional 288,806 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Transactions at Jabil

In related news, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the transaction, the chief executive officer now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the firm’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the sale, the chairman now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.73% of the company’s stock.

Jabil Price Performance

JBL stock opened at $164.96 on Friday. The firm has a market cap of $17.71 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 1.65 and a beta of 1.11. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The company’s fifty day simple moving average is $143.90 and its 200 day simple moving average is $146.30.

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

Jabil Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JBL. UBS Group boosted their price objective on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. cut their price target on Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Barclays upped their price objective on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. The Goldman Sachs Group dropped their price objective on shares of Jabil from $175.00 to $146.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Wall Street Zen upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.50.

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).