Louisiana State Employees Retirement System Makes New $981,000 Investment in Jabil Inc. (NYSE:JBL)

Louisiana State Employees Retirement System 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 7,700 shares of the technology company’s stock, valued at approximately $981,000.

Other large investors have also modified their holdings of the company. CVA Family Office LLC acquired a new position in shares of Jabil in the 4th quarter valued at $36,000. Valley National Advisers Inc. acquired a new position in shares of Jabil in the 4th quarter valued at $36,000. Hanseatic Management Services Inc. acquired a new position in shares of Jabil in the 3rd quarter valued at $48,000. Ceredex Value Advisors LLC acquired a new position in shares of Jabil in the 3rd quarter valued at $51,000. Finally, Allworth Financial LP lifted its stake in shares of Jabil by 745.8% in the 4th 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 last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Down 0.5 %

Shares of NYSE:JBL opened at $120.24 on Thursday. Jabil Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $156.94. The firm’s 50 day moving average price is $136.83 and its 200 day moving average price is $130.95. 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 stock has a market cap of $14.50 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share 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 analyst estimates of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. As a group, equities research analysts predict that Jabil Inc. will post 7.83 earnings per share for the current fiscal year.

Jabil Dividend Announcement

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

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CEO Kenneth S. Wilson sold 15,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the sale, the chief executive officer now directly owns 339,725 shares of the company’s stock, valued at $45,591,095. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Kenneth S. Wilson sold 15,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the sale, the chief executive officer now directly owns 339,725 shares of the company’s stock, valued at $45,591,095. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Mark T. Mondello sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the completion of the sale, the chairman now directly owns 1,809,194 shares of the company’s stock, valued at $228,121,271.46. The disclosure for this sale can be found here. Insiders sold a total of 107,177 shares of company stock worth $13,678,039 over the last 90 days. 2.62% of the stock is owned by insiders.

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).