Daiwa Securities Group Inc. Acquires 1,027 Shares of Jabil Inc. (NYSE:JBL)

Daiwa Securities Group Inc. increased its holdings in Jabil Inc. (NYSE:JBL) by 7.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,860 shares of the technology company’s stock after buying an additional 1,027 shares during the period. Daiwa Securities Group Inc.’s holdings in Jabil were worth $2,138,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Jabil in the fourth quarter worth $27,000. Brooklyn Investment Group purchased a new position in Jabil in the third quarter worth $39,000. First Horizon Advisors Inc. grew its holdings in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after purchasing an additional 130 shares during the last quarter. GHP Investment Advisors Inc. purchased a new position in Jabil in the fourth quarter worth $43,000. Finally, Smartleaf Asset Management LLC grew its holdings in Jabil by 113.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock worth $43,000 after purchasing an additional 158 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Up 4.3 %

Jabil stock opened at $136.07 on Friday. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The firm has a 50 day moving average price of $157.27 and a 200 day moving average price of $136.79. The company has a market capitalization of $14.86 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19.

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

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders 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 dividend yield of 0.24%. Jabil’s dividend payout ratio (DPR) is currently 3.07%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JBL. The Goldman Sachs Group boosted their price objective on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a report on Monday, February 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. UBS Group upped their price target on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Finally, Barclays upped their price target on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $158.83.

Insider Transactions at Jabil

In related news, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction on Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the transaction, the director now owns 5,900 shares in the company, valued at approximately $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 77,400 shares of company stock valued at $12,804,458. 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).