Daiwa Securities Group Inc. Purchases 3,228 Shares of Jabil Inc. (NYSE:JBL)

Daiwa Securities Group Inc. increased its position in Jabil Inc. (NYSE:JBL) by 38.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,728 shares of the technology company’s stock after acquiring an additional 3,228 shares during the period. Daiwa Securities Group Inc.’s holdings in Jabil were worth $1,494,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CVA Family Office LLC bought a new stake in Jabil during the fourth quarter valued at about $36,000. Valley National Advisers Inc. bought a new stake in Jabil during the fourth quarter valued at about $36,000. Hanseatic Management Services Inc. bought a new stake in Jabil during the third quarter valued at about $48,000. Ceredex Value Advisors LLC bought a new stake in Jabil during the third quarter valued at about $51,000. Finally, Allworth Financial LP grew its holdings in Jabil by 745.8% during the fourth quarter. Allworth Financial LP now owns 406 shares of the technology company’s stock valued at $52,000 after purchasing an additional 358 shares during the period. Institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling

In related news, CEO Kenneth S. Wilson sold 15,000 shares of the business’s 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 sale, the chief executive officer now directly owns 339,725 shares in the company, valued at $45,591,095. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Kenneth S. Wilson sold 15,000 shares of the business’s 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 sale, the chief executive officer now directly owns 339,725 shares in the company, valued at $45,591,095. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gerald Creadon sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total value of $406,860.00. Following the sale, the executive vice president now owns 65,434 shares in the company, valued at $8,874,159.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 107,177 shares of company stock worth $13,678,039. Corporate insiders own 2.62% of the company’s stock.

Jabil Stock Performance

NYSE JBL opened at $120.89 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. The firm has a market cap of $14.58 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. Jabil Inc. has a twelve month low of $75.48 and a twelve month high of $156.94. The business has a 50-day moving average price of $137.25 and a 200-day moving average price of $131.02.

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

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be given a $0.08 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. Jabil’s dividend payout ratio is currently 2.75%.

Analysts Set New Price Targets

Several analysts have issued reports on JBL shares. Barclays cut their price target on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a report on Monday, March 18th. Argus lowered Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. The Goldman Sachs Group upped their price objective on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Jabil has a consensus rating of “Buy” and an average price target of $144.50.

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).