Mediolanum International Funds Ltd Purchases 26,713 Shares of Jabil Inc. (NYSE:JBL)

Mediolanum International Funds Ltd increased its position in Jabil Inc. (NYSE:JBL) by 35.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,815 shares of the technology company’s stock after purchasing an additional 26,713 shares during the period. Mediolanum International Funds Ltd owned approximately 0.09% of Jabil worth $14,744,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Pacer Advisors Inc. boosted its position in shares of Jabil by 12,251.7% during the third quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock valued at $264,391,000 after buying an additional 2,188,521 shares during the last quarter. Two Sigma Advisers LP grew its position in Jabil by 406.5% during the third quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock valued at $86,613,000 after buying an additional 580,100 shares during the period. FMR LLC increased its holdings in Jabil by 11.3% during the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after buying an additional 520,672 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Jabil by 595.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company’s stock worth $41,118,000 after acquiring an additional 293,801 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its stake in Jabil by 29.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 574,938 shares of the technology company’s stock valued at $68,895,000 after acquiring an additional 129,400 shares during the last quarter. 93.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JBL has been the topic of a number of research reports. The Goldman Sachs Group lifted their price target on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group increased their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Stifel Nicolaus restated a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Finally, Barclays increased their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and an average target price of $153.17.

Jabil Stock Down 0.2 %

Shares of NYSE JBL opened at $162.36 on Friday. 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 company has a market cap of $17.73 billion, a P/E ratio of 15.57, a P/E/G ratio of 1.60 and a beta of 1.23. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The business has a 50-day simple moving average of $147.70 and a two-hundred day simple moving average of $126.87.

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

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Tuesday, February 18th. Jabil’s payout ratio is 3.07%.

Insider Buying and Selling

In related news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the transaction, the director now owns 119,108 shares of the company’s stock, valued at $18,021,040.40. This represents a 14.38 % 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, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the sale, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,000 shares of company stock worth $12,252,740. Insiders own 1.73% of the company’s stock.

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).