Prudential PLC Acquires 6,155 Shares of Jabil Inc. (NYSE:JBL)

Prudential PLC increased its holdings in Jabil Inc. (NYSE:JBLFree Report) by 191.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,363 shares of the technology company’s stock after buying an additional 6,155 shares during the quarter. Prudential PLC’s holdings in Jabil were worth $1,193,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. AdvisorShares Investments LLC purchased a new position in shares of Jabil during the fourth quarter valued at approximately $378,000. Vinva Investment Management Ltd raised its stake in Jabil by 2.5% during the 4th quarter. Vinva Investment Management Ltd now owns 11,993 shares of the technology company’s stock valued at $1,535,000 after buying an additional 298 shares during the last quarter. Cibc World Markets Corp purchased a new stake in Jabil during the 4th quarter valued at $2,109,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of Jabil by 11.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 15,118 shares of the technology company’s stock valued at $1,926,000 after buying an additional 1,609 shares during the period. Finally, 1832 Asset Management L.P. purchased a new position in shares of Jabil in the 4th quarter worth $2,100,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In other news, EVP Gerald Creadon sold 3,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 65,434 shares of the company’s stock, valued at $8,874,159.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Gerald Creadon sold 3,000 shares of Jabil stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total value of $406,860.00. Following the sale, the executive vice president now directly owns 65,434 shares of the company’s stock, valued at $8,874,159.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, the chief executive officer now owns 339,725 shares in the company, valued at $45,591,095. The disclosure for this sale can be found here. Insiders sold a total of 75,877 shares of company stock valued at $9,824,383 in the last three months. 2.62% of the stock is currently owned by corporate insiders.

Jabil Stock Performance

Shares of NYSE JBL opened at $117.10 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. Jabil Inc. has a 1 year low of $95.31 and a 1 year high of $156.94. The firm has a fifty day moving average price of $122.19 and a 200-day moving average price of $128.18. The stock has a market cap of $14.12 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.35.

Jabil (NYSE:JBLGet Free Report) last posted its quarterly 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). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.91 billion. Equities 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 paid a $0.08 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.32 annualized dividend and a yield of 0.27%. Jabil’s payout ratio is 2.75%.

Analysts Set New Price Targets

A number of research firms have weighed in on JBL. Barclays lowered their target price on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a report on Monday, March 18th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, The Goldman Sachs Group lifted their price target on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $144.50.

Read Our Latest Research Report 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).

See Also

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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