Fjarde AP Fonden Fourth Swedish National Pension Fund Has $2.56 Million Stake in Jabil Inc. (NYSE:JBL)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Jabil Inc. (NYSE:JBL) by 40.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,760 shares of the technology company’s stock after buying an additional 5,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Jabil were worth $2,556,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBL. First Horizon Advisors Inc. increased its stake in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. Navellier & Associates Inc. bought a new position in Jabil in the fourth quarter valued at approximately $247,000. Transcend Capital Advisors LLC increased its stake in Jabil by 8.5% in the fourth quarter. Transcend Capital Advisors LLC now owns 1,982 shares of the technology company’s stock valued at $285,000 after acquiring an additional 155 shares during the last quarter. Cromwell Holdings LLC increased its stake in Jabil by 412.7% in the fourth quarter. Cromwell Holdings LLC now owns 364 shares of the technology company’s stock valued at $52,000 after acquiring an additional 293 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in Jabil by 511.3% in the fourth quarter. Handelsbanken Fonder AB now owns 198,348 shares of the technology company’s stock valued at $28,542,000 after acquiring an additional 165,900 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares in the company, valued at $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the transaction, the director now owns 5,900 shares in the company, valued at $1,018,045. This represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock worth $12,804,458 over the last quarter. Company insiders own 1.73% of the company’s stock.

Jabil Stock Performance

Shares of Jabil stock opened at $158.81 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The stock has a market cap of $17.34 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 1.65 and a beta of 1.23. The company’s fifty day moving average is $158.48 and its 200 day moving average is $134.16.

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

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors 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 yield of 0.20%. Jabil’s payout ratio is 3.07%.

Analysts Set New Price Targets

JBL has been the topic of a number of recent analyst reports. Barclays lifted their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group boosted their target price on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note 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 research note on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Jabil presently has an average rating of “Moderate Buy” and an average price target of $158.83.

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).