WINTON GROUP Ltd Boosts Stock Position in Jabil Inc. (NYSE:JBL)

WINTON GROUP Ltd boosted its holdings in shares of Jabil Inc. (NYSE:JBL) by 352.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,544 shares of the technology company’s stock after purchasing an additional 33,140 shares during the period. WINTON GROUP Ltd’s holdings in Jabil were worth $6,122,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JBL. SBI Securities Co. Ltd. bought a new position in shares of Jabil during the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Jabil during the 4th quarter valued at $29,000. Millstone Evans Group LLC bought a new position in Jabil in the 4th quarter worth $37,000. Brooklyn Investment Group purchased a new stake in shares of Jabil in the 3rd quarter worth about $39,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

Jabil Stock Down 3.0 %

Shares of NYSE:JBL opened at $143.88 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The stock has a fifty day simple moving average of $155.44 and a two-hundred day simple moving average of $139.09. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The stock has a market capitalization of $15.71 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the previous year, the firm earned $1.68 EPS. Jabil’s quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil’s payout ratio is 7.66%.

Insider Activity at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the sale, the executive vice president now owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher S. Holland sold 3,400 shares of the business’s 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 transaction, the director now directly owns 12,900 shares of the company’s stock, valued at $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock valued at $12,804,458 over the last 90 days. Corporate insiders own 1.73% of the company’s stock.

Jabil 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).