Nisa Investment Advisors LLC Acquires 4,978 Shares of Jabil Inc. (NYSE:JBL)

Nisa Investment Advisors LLC raised its stake in shares of Jabil Inc. (NYSE:JBL) by 15.7% during the 4th quarter, Holdings Channel reports. The fund owned 36,776 shares of the technology company’s stock after purchasing an additional 4,978 shares during the period. Nisa Investment Advisors LLC’s holdings in Jabil were worth $5,292,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JBL. Pacer Advisors Inc. lifted its stake in shares of Jabil by 12,251.7% during the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock worth $264,391,000 after purchasing an additional 2,188,521 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Jabil by 195.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company’s stock valued at $115,404,000 after buying an additional 702,199 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of Jabil by 406.5% in the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock worth $86,613,000 after buying an additional 580,100 shares during the last quarter. FMR LLC raised its stake in shares of Jabil by 11.3% during the 3rd quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after acquiring an additional 520,672 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Jabil by 595.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company’s stock valued at $41,118,000 after acquiring an additional 293,801 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the sale, the director now directly owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Frederic E. Mccoy sold 4,283 shares of Jabil stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $122.28, for a total transaction of $523,725.24. Following the completion of the transaction, the executive vice president now directly owns 142,472 shares of the company’s stock, valued at $17,421,476.16. The trade was a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,038 shares of company stock worth $5,579,666 over the last quarter. 1.73% of the stock is currently owned by insiders.

Jabil Price Performance

Shares of NYSE JBL opened at $173.26 on Friday. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The business’s 50 day moving average price is $144.48 and its 200 day moving average price is $125.22. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market cap of $18.92 billion, a P/E ratio of 16.61, a P/E/G ratio of 1.68 and a beta of 1.23.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.60 earnings per share. On average, sell-side analysts expect that Jabil Inc. will post 8.03 earnings per share for the current year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.18%. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Analysts Set New Price Targets

JBL has been the topic of a number of recent analyst reports. Bank of America upped their price target on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. UBS Group increased their price target on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. The Goldman Sachs Group upped their price objective on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, Barclays boosted their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and an average price target of $153.17.

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).