Mitsubishi UFJ Asset Management Co. Ltd. Purchases 8,291 Shares of Jabil Inc. (NYSE:JBL)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Jabil Inc. (NYSE:JBL) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,373 shares of the technology company’s stock after buying an additional 8,291 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.17% of Jabil worth $27,893,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Jabil by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,045,213 shares of the technology company’s stock valued at $150,406,000 after purchasing an additional 10,541 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Jabil by 15.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 903,526 shares of the technology company’s stock valued at $108,270,000 after buying an additional 118,376 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of Jabil by 406.5% during the 3rd 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 in the last quarter. Victory Capital Management Inc. boosted its holdings in Jabil by 50.8% in the 4th quarter. Victory Capital Management Inc. now owns 627,041 shares of the technology company’s stock worth $90,231,000 after buying an additional 211,168 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its holdings in Jabil by 29.0% during the 3rd 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 period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Activity at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the transaction, the director now directly owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John C. Plant sold 50,000 shares of the company’s 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 sale, the director now directly owns 5,900 shares of the company’s stock, valued at $1,018,045. This trade represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,400 shares of company stock valued at $12,804,458. Corporate insiders own 1.73% of the company’s stock.

Jabil Stock Down 2.5 %

JBL stock opened at $135.97 on Monday. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The stock has a market cap of $14.84 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. 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 company’s 50 day moving average is $154.45 and its 200 day moving average is $139.84.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Sell-side analysts predict that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

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 presently 7.66%.

Analyst Upgrades and Downgrades

JBL has been the subject of several recent research reports. Barclays lifted their price target on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. The Goldman Sachs Group lifted their target price on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a report on Monday, February 24th. Stifel Nicolaus reissued 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. UBS Group raised their price objective on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Finally, StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research note on Friday, March 21st. One 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.50.

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).