Strs Ohio Has $30.37 Million Stock Holdings in Jabil Inc. (NYSE:JBL)

Strs Ohio boosted its position in Jabil Inc. (NYSE:JBL) by 5.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 238,390 shares of the technology company’s stock after purchasing an additional 11,282 shares during the quarter. Strs Ohio’s holdings in Jabil were worth $30,370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CVA Family Office LLC acquired a new stake in Jabil in the 4th quarter valued at approximately $36,000. Valley National Advisers Inc. acquired a new stake in Jabil in the 4th quarter valued at approximately $36,000. ST Germain D J Co. Inc. acquired a new stake in Jabil in the 2nd quarter valued at approximately $41,000. Hanseatic Management Services Inc. acquired a new stake in Jabil in the 3rd quarter valued at approximately $48,000. Finally, Ceredex Value Advisors LLC bought a new position in Jabil in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analysts Set New Price Targets

JBL has been the subject of a number of analyst reports. Barclays decreased their price target on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday, March 18th. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. The Goldman Sachs Group raised their price target on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Argus downgraded Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Jabil presently has an average rating of “Moderate Buy” and an average target price of $144.50.

Jabil Stock Performance

Shares of NYSE JBL opened at $132.68 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08. Jabil Inc. has a 12 month low of $75.48 and a 12 month high of $156.94. The stock has a 50 day moving average of $138.57 and a 200-day moving average of $131.18. The company has a market capitalization of $16.00 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.43 and a beta of 1.40.

Jabil (NYSE:JBL) last issued its earnings results on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.01). Jabil had a return on equity of 39.47% and a net margin of 4.70%. The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.91 billion. As a group, equities research analysts predict that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Thursday, February 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.32 annualized dividend and a yield of 0.24%. Jabil’s payout ratio is currently 2.75%.

Insider Buying and Selling

In related news, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the sale, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Chairman Mark T. Mondello sold 50,000 shares of Jabil stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the completion of the sale, the chairman now directly owns 1,809,194 shares of the company’s stock, valued at approximately $228,121,271.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the sale, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at $4,050,687.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,177 shares of company stock valued at $11,665,039. Insiders own 2.62% of the company’s stock.

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).