Jabil Inc. (NYSE:JBL) Position Increased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its position in shares of Jabil Inc. (NYSE:JBL – Get Rating) by 246.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,349 shares of the technology company’s stock after acquiring an additional 140,372 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.15% of Jabil worth $11,390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of JBL. Cetera Advisor Networks LLC raised its holdings in shares of Jabil by 4.7% during the first quarter. Cetera Advisor Networks LLC now owns 3,989 shares of the technology company’s stock worth $246,000 after acquiring an additional 180 shares in the last quarter. Private Advisor Group LLC acquired a new position in Jabil during the first quarter worth $399,000. Great West Life Assurance Co. Can increased its position in Jabil by 10.5% during the first quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company’s stock worth $5,312,000 after buying an additional 7,933 shares during the last quarter. Sei Investments Co. increased its position in Jabil by 58.6% during the first quarter. Sei Investments Co. now owns 382,918 shares of the technology company’s stock worth $23,633,000 after buying an additional 141,511 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Jabil by 656.6% during the first quarter. Canada Pension Plan Investment Board now owns 21,700 shares of the technology company’s stock worth $1,340,000 after buying an additional 18,832 shares during the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JBL has been the topic of several analyst reports. Credit Suisse Group increased their target price on shares of Jabil from $90.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 21st. Raymond James increased their target price on shares of Jabil from $84.00 to $100.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, March 14th. The Goldman Sachs Group increased their target price on shares of Jabil from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com began coverage on Jabil in a research report on Thursday. They issued a “buy” rating on the stock. Finally, UBS Group began coverage on Jabil in a research report on Tuesday, December 13th. They issued a “neutral” rating and a $76.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $92.20.

Jabil Trading Up 0.8 %

Shares of NYSE:JBL opened at $78.96 on Friday. The company has a market cap of $10.52 billion, a P/E ratio of 11.46, a P/E/G ratio of 0.86 and a beta of 1.43. The stock’s 50-day moving average is $81.00 and its 200-day moving average is $70.18. Jabil Inc. has a 52-week low of $48.80 and a 52-week high of $85.70. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.57 and a current ratio of 1.02.

Jabil (NYSE:JBL – Get Rating) last released its earnings results on Thursday, December 15th. The technology company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.28). Jabil had a return on equity of 40.43% and a net margin of 2.83%. The firm had revenue of $9.64 billion for the quarter, compared to analyst estimates of $9.28 billion. Equities research analysts predict that Jabil Inc. will post 7.81 earnings per share for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 2nd. Investors of record on Wednesday, February 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Tuesday, February 14th. Jabil’s dividend payout ratio (DPR) is presently 4.64%.

Insider Buying and Selling

In related news, CFO Michael Dastoor sold 9,097 shares of Jabil stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $77.89, for a total transaction of $708,565.33. Following the sale, the chief financial officer now directly owns 161,607 shares of the company’s stock, valued at $12,587,569.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Jabil news, CFO Michael Dastoor sold 9,097 shares of the firm’s stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $77.89, for a total transaction of $708,565.33. Following the completion of the transaction, the chief financial officer now owns 161,607 shares in the company, valued at $12,587,569.23. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Francis Mckay sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $75.00, for a total transaction of $112,500.00. Following the transaction, the senior vice president now owns 52,281 shares of the company’s stock, valued at approximately $3,921,075. The disclosure for this sale can be found here. Insiders have sold a total of 197,562 shares of company stock valued at $14,936,641 over the last three months. 2.75% of the stock is owned by corporate insiders.

Jabil Profile

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Jabil, Inc engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries.