denkapparat Operations GmbH Invests $232,000 in Jabil Inc. (NYSE:JBL)

denkapparat Operations GmbH bought a new stake in Jabil Inc. (NYSE:JBL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,614 shares of the technology company’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its holdings in Jabil by 54.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 53,613 shares of the technology company’s stock valued at $7,715,000 after purchasing an additional 18,876 shares during the period. Norges Bank bought a new position in shares of Jabil during the fourth quarter worth about $218,430,000. NEOS Investment Management LLC lifted its stake in shares of Jabil by 27.4% in the fourth quarter. NEOS Investment Management LLC now owns 5,764 shares of the technology company’s stock worth $829,000 after acquiring an additional 1,241 shares during the period. UniSuper Management Pty Ltd boosted its holdings in Jabil by 1.4% in the fourth quarter. UniSuper Management Pty Ltd now owns 30,716 shares of the technology company’s stock valued at $4,420,000 after acquiring an additional 433 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Jabil by 18.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company’s stock valued at $270,187,000 after purchasing an additional 288,806 shares during the period. Institutional investors own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

JBL has been the topic of a number of recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a report on Friday, March 21st. The Goldman Sachs Group upped their target price on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research report on Monday, February 24th. UBS Group lifted their target price on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, Barclays increased their price target on Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $167.50.

Insider Transactions at Jabil

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of the company’s stock in a transaction dated 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 approximately $2,093,283. This represents a 20.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 in the last quarter. 1.73% of the stock is currently owned by corporate insiders.

Jabil Stock Down 2.5 %

Shares of NYSE:JBL opened at $135.97 on Friday. The firm has a market cap of $14.84 billion, a P/E ratio of 13.04, a PEG ratio of 1.65 and a beta of 1.19. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The business’s 50 day simple moving average is $154.45 and its two-hundred day simple moving average is $139.32. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06.

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

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders 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 yield of 0.24%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio is 7.66%.

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).