Livforsakringsbolaget Skandia Omsesidigt Grows Stock Holdings in Jabil Inc. (NYSE:JBL)

Livforsakringsbolaget Skandia Omsesidigt raised its stake in Jabil Inc. (NYSE:JBL) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,748 shares of the technology company’s stock after buying an additional 198 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Jabil were worth $5,701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Cullen Frost Bankers Inc. acquired a new stake in Jabil in the third quarter valued at $63,000. Lecap Asset Management Ltd. acquired a new stake in Jabil in the fourth quarter valued at $1,146,000. D.A. Davidson & CO. grew its holdings in Jabil by 15.3% in the third quarter. D.A. Davidson & CO. now owns 29,305 shares of the technology company’s stock valued at $3,719,000 after purchasing an additional 3,887 shares during the last quarter. Deutsche Bank AG grew its holdings in Jabil by 87.1% in the third quarter. Deutsche Bank AG now owns 185,371 shares of the technology company’s stock valued at $23,522,000 after purchasing an additional 86,285 shares during the last quarter. Finally, Cozad Asset Management Inc. grew its holdings in Jabil by 21.4% in the third quarter. Cozad Asset Management Inc. now owns 90,828 shares of the technology company’s stock valued at $11,525,000 after purchasing an additional 16,038 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Jabil news, EVP Gerald Creadon sold 3,000 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total transaction of $406,860.00. Following the completion of the sale, the executive vice president now directly 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 related news, 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 completion of the sale, the executive vice president now owns 65,434 shares in the company, valued at approximately $8,874,159.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 339,725 shares of the company’s stock, valued at approximately $45,591,095. The disclosure for this sale can be found here. In the last 90 days, insiders sold 107,177 shares of company stock worth $13,678,039. Insiders own 2.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on JBL shares. The Goldman Sachs Group increased their price objective on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, March 4th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Argus cut Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Barclays cut their price objective on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a report on Monday, March 18th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $144.50.

Jabil Stock Performance

Shares of NYSE:JBL traded down $2.34 on Wednesday, reaching $129.70. 667,530 shares of the company’s stock were exchanged, compared to its average volume of 1,326,750. The firm has a market capitalization of $15.64 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.41 and a beta of 1.40. Jabil Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $156.94. The business’s 50-day moving average is $138.61 and its two-hundred day moving average is $131.22. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 1.08.

Jabil (NYSE:JBL) last issued its earnings results 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 business had revenue of $6.77 billion for the quarter, compared to analyst estimates 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 forecast that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Thursday, February 15th were issued a $0.08 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. Jabil’s dividend payout ratio is currently 2.75%.

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).