Public Employees Retirement Association of Colorado Has $1.93 Million Stock Position in Jabil Inc. (NYSE:JBL)

Public Employees Retirement Association of Colorado lifted its holdings in Jabil Inc. (NYSE:JBLFree Report) by 11.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,118 shares of the technology company’s stock after acquiring an additional 1,609 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Jabil were worth $1,926,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Wells Fargo & Company MN increased its holdings in shares of Jabil by 13.0% during the fourth quarter. Wells Fargo & Company MN now owns 154,314 shares of the technology company’s stock worth $19,660,000 after purchasing an additional 17,766 shares during the period. Artisan Partners Limited Partnership increased its stake in Jabil by 36.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,339,559 shares of the technology company’s stock worth $170,660,000 after acquiring an additional 359,818 shares during the period. Lecap Asset Management Ltd. acquired a new position in Jabil in the 4th quarter valued at $1,146,000. International Assets Investment Management LLC bought a new stake in shares of Jabil during the 4th quarter valued at $3,733,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Jabil by 197.9% during the 4th quarter. Hsbc Holdings PLC now owns 88,436 shares of the technology company’s stock worth $11,268,000 after purchasing an additional 58,752 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Activity

In related news, CEO Kenneth S. Wilson sold 15,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the transaction, the chief executive officer now directly owns 339,725 shares of the company’s stock, valued at approximately $45,591,095. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of 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 can be accessed through the SEC website. Also, EVP Gerald Creadon sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the completion of the transaction, the executive vice president now owns 65,434 shares in the company, valued at approximately $8,874,159.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,877 shares of company stock valued at $9,824,383. Insiders own 2.62% of the company’s stock.

Jabil Stock Down 0.4 %

Shares of JBL opened at $113.88 on Monday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. Jabil Inc. has a 52 week low of $93.40 and a 52 week high of $156.94. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 1.41 and a beta of 1.35. The stock has a fifty day moving average of $122.56 and a 200-day moving average of $128.27.

Jabil (NYSE:JBLGet Free Report) last posted its earnings results on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.01). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.91 billion. As a group, sell-side analysts anticipate that Jabil Inc. will post 7.83 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.28%. The ex-dividend date was Tuesday, May 14th. Jabil’s dividend payout ratio (DPR) is currently 2.75%.

Analysts Set New Price Targets

JBL has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Barclays reduced their price target on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research report on Monday, March 18th. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, Argus downgraded Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. 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. Based on data from MarketBeat, Jabil currently has an average rating of “Buy” and a consensus target price of $144.50.

Get Our Latest Analysis on JBL

About Jabil

(Free Report)

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).

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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