UNICOM Systems Inc. Makes New Investment in Jabil Inc. (NYSE:JBL)

UNICOM Systems Inc. bought a new stake in Jabil Inc. (NYSE:JBL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,403 shares of the technology company’s stock, valued at approximately $2,216,000. Jabil comprises 0.5% of UNICOM Systems Inc.’s holdings, making the stock its 19th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of JBL. Pacer Advisors Inc. grew its position in Jabil by 12,251.7% in the third quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock worth $264,391,000 after acquiring an additional 2,188,521 shares during the period. Two Sigma Advisers LP increased its position in shares of Jabil by 406.5% during the third quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock valued at $86,613,000 after acquiring an additional 580,100 shares during the last quarter. FMR LLC raised its stake in shares of Jabil by 11.3% in the 3rd quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock valued at $613,087,000 after acquiring an additional 520,672 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Jabil by 595.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company’s stock worth $41,118,000 after acquiring an additional 293,801 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its position in shares of Jabil by 29.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 574,938 shares of the technology company’s stock worth $68,895,000 after purchasing an additional 129,400 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Jabil Price Performance

Shares of NYSE JBL opened at $166.58 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The stock’s 50-day simple moving average is $151.25 and its 200-day simple moving average is $129.22. The firm has a market capitalization of $18.19 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.64 and a beta of 1.23. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80.

Jabil (NYSE:JBL) last posted 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. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. During the same period last year, the firm earned $2.60 EPS. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. As a group, equities research analysts forecast that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. Jabil’s dividend payout ratio (DPR) is 3.07%.

Insider Buying and Selling

In other news, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now owns 12,900 shares of the company’s stock, valued at $2,093,283. The trade was a 20.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the transaction, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock valued at $12,804,458 over the last ninety days. Corporate insiders own 1.73% of the company’s stock.

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).