Mirae Asset Global Investments Co. Ltd. Takes Position in Jabil Inc. (NYSE:JBL)

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Jabil Inc. (NYSE:JBL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,263 shares of the technology company’s stock, valued at approximately $1,817,000.

Several other large investors have also modified their holdings of the business. FMR LLC lifted its stake in shares of Jabil by 15.9% in the 3rd quarter. FMR LLC now owns 10,525,084 shares of the technology company’s stock valued at $1,335,528,000 after purchasing an additional 1,440,857 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Jabil by 71.2% in the 1st quarter. JPMorgan Chase & Co. now owns 6,232,495 shares of the technology company’s stock valued at $549,457,000 after purchasing an additional 2,591,893 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Jabil by 0.7% in the 3rd quarter. Wellington Management Group LLP now owns 5,392,355 shares of the technology company’s stock valued at $684,236,000 after purchasing an additional 36,560 shares during the last quarter. State Street Corp lifted its stake in shares of Jabil by 3.0% in the 1st quarter. State Street Corp now owns 4,454,878 shares of the technology company’s stock valued at $275,000,000 after purchasing an additional 127,736 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Jabil by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 1,865,576 shares of the technology company’s stock valued at $164,609,000 after purchasing an additional 28,420 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In other Jabil news, SVP May Yee Yap sold 7,877 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the sale, the senior vice president now owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $134.20, for a total value of $2,013,000.00. Following the transaction, the chief executive officer now owns 339,725 shares in the company, valued at approximately $45,591,095. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP May Yee Yap sold 7,877 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the transaction, the senior vice president now owns 29,006 shares in the company, valued at approximately $4,050,687.90. The disclosure for this sale can be found here. Insiders have sold 107,177 shares of company stock valued at $13,678,039 in the last quarter. Corporate insiders own 2.62% of the company’s stock.

Analyst Ratings Changes

JBL has been the topic of several research reports. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Barclays decreased their target price on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, March 18th. The Goldman Sachs Group increased their target price on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, Argus lowered Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.50.

Jabil Price Performance

JBL stock opened at $118.75 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. The firm has a market capitalization of $14.32 billion, a P/E ratio of 10.19, a P/E/G ratio of 1.38 and a beta of 1.40. The business’s 50-day moving average is $138.03 and its two-hundred day moving average is $131.15. Jabil Inc. has a 1 year low of $75.48 and a 1 year high of $156.94.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. Analysts anticipate that Jabil Inc. will post 7.83 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Tuesday, May 14th. Jabil’s dividend payout ratio is currently 2.75%.

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).