NEOS Investment Management LLC Purchases 1,241 Shares of Jabil Inc. (NYSE:JBL)

NEOS Investment Management LLC increased its position in shares of Jabil Inc. (NYSE:JBL) by 27.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,764 shares of the technology company’s stock after buying an additional 1,241 shares during the period. NEOS Investment Management LLC’s holdings in Jabil were worth $829,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Two Sigma Advisers LP lifted its position in shares of Jabil by 406.5% in the third quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock valued at $86,613,000 after buying an additional 580,100 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Jabil during the 4th quarter worth approximately $43,312,000. Caisse DE Depot ET Placement DU Quebec raised its stake in 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 valued at $41,118,000 after acquiring an additional 293,801 shares during the period. JPMorgan Chase & Co. lifted its holdings in Jabil by 18.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company’s stock valued at $270,187,000 after purchasing an additional 288,806 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Jabil by 50.8% during the fourth quarter. Victory Capital Management Inc. now owns 627,041 shares of the technology company’s stock worth $90,231,000 after purchasing an additional 211,168 shares during the period. 93.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on JBL shares. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. UBS Group increased their price target on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 21st. JPMorgan Chase & Co. boosted their price objective on Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. Barclays upped their target price on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. Finally, StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a report on Friday, March 21st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $167.50.

Jabil Stock Down 2.5 %

Shares of JBL opened at $135.97 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The firm’s 50 day moving average is $154.45 and its 200-day moving average is $139.84. The stock has a market capitalization of $14.84 billion, a PE ratio of 13.04, a P/E/G ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $1.68 EPS. Equities research analysts forecast that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. Jabil’s payout ratio is 7.66%.

Insider Buying and Selling at Jabil

In related 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 directly owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John C. Plant sold 50,000 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the transaction, the director now directly owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. The trade was 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 valued at $12,804,458 in the last ninety days. 1.73% of the stock is currently owned by company insiders.

About Jabil

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).