Sumitomo Mitsui DS Asset Management Company Ltd Has $1.82 Million Position in Jabil Inc. (NYSE:JBL)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Jabil Inc. (NYSE:JBL) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 12,621 shares of the technology company’s stock after acquiring an additional 286 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Jabil were worth $1,816,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBL. GHP Investment Advisors Inc. bought a new stake in shares of Jabil during the 4th quarter worth $43,000. Bleakley Financial Group LLC lifted its holdings in shares of Jabil by 2.2% in the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock worth $471,000 after acquiring an additional 70 shares during the last quarter. Robertson Stephens Wealth Management LLC acquired a new stake in shares of Jabil in the 4th quarter valued at approximately $403,000. Choreo LLC grew its holdings in shares of Jabil by 41.8% during the 4th quarter. Choreo LLC now owns 3,205 shares of the technology company’s stock valued at $461,000 after purchasing an additional 945 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Jabil by 52.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,737 shares of the technology company’s stock worth $1,712,000 after purchasing an additional 4,045 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

JBL has been the topic of a number of research reports. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group increased their target price on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Barclays boosted their price target on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, UBS Group boosted their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $153.17.

Insider Activity

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the sale, the executive vice president now owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the sale, the director now directly owns 12,900 shares in the company, valued at $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is owned by corporate insiders.

Jabil Stock Performance

Shares of Jabil stock opened at $166.58 on Tuesday. The firm has a market capitalization of $18.19 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 1.64 and a beta of 1.23. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The business’s fifty day simple moving average is $151.25 and its 200 day simple moving average is $129.22. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter in the previous year, the firm posted $2.60 EPS. Jabil’s revenue was down 16.6% on a year-over-year basis. As a group, analysts anticipate that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The business also recently declared 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s payout ratio is currently 3.07%.

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).