Advisors Asset Management Inc. Has $1.67 Million Stock Position in Jabil Inc. (NYSE:JBL)

Advisors Asset Management Inc. grew its holdings in Jabil Inc. (NYSE:JBL) by 12.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,439 shares of the technology company’s stock after purchasing an additional 1,355 shares during the period. Advisors Asset Management Inc.’s holdings in Jabil were worth $1,666,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in Jabil by 310.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 11,853 shares of the technology company’s stock worth $1,510,000 after buying an additional 8,965 shares in the last quarter. Quent Capital LLC increased its position in shares of Jabil by 10.4% in the fourth quarter. Quent Capital LLC now owns 2,994 shares of the technology company’s stock valued at $381,000 after acquiring an additional 283 shares during the last quarter. State of Michigan Retirement System raised its holdings in Jabil by 21.7% during the fourth quarter. State of Michigan Retirement System now owns 38,100 shares of the technology company’s stock worth $4,854,000 after acquiring an additional 6,789 shares in the last quarter. RPg Family Wealth Advisory LLC boosted its position in Jabil by 3.8% during the fourth quarter. RPg Family Wealth Advisory LLC now owns 48,019 shares of the technology company’s stock valued at $6,118,000 after purchasing an additional 1,762 shares during the last quarter. Finally, Trust Point Inc. bought a new position in Jabil in the fourth quarter valued at approximately $388,000. Institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling

In other Jabil news, SVP May Yee Yap sold 4,274 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following the completion of the sale, the senior vice president now owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Frederic E. Mccoy sold 1,250 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP May Yee Yap sold 4,274 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the sale, the senior vice president now owns 24,829 shares in the company, valued at $2,905,986.16. The disclosure for this sale can be found here. 2.62% of the stock is owned by insiders.

Jabil Stock Up 0.0 %

Shares of JBL opened at $110.38 on Friday. The firm has a market cap of $12.52 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. Jabil Inc. has a 52 week low of $100.18 and a 52 week high of $156.94. The firm’s 50-day simple moving average is $115.12 and its 200 day simple moving average is $125.50.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.53 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The firm’s quarterly revenue was down 20.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.85 earnings per share. On average, analysts forecast that Jabil Inc. will post 7.86 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 15th will be paid a $0.08 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. Jabil’s dividend payout ratio (DPR) is presently 2.91%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JBL. JPMorgan Chase & Co. cut their price objective on Jabil from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Monday, June 17th. UBS Group decreased their price objective on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Barclays dropped their target price on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Finally, Bank of America lowered their price target on Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, June 21st. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Jabil has an average rating of “Moderate Buy” and a consensus target price of $142.63.

Jabil 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).