Hunter Associates Investment Management LLC Buys 721 Shares of Jabil Inc. (NYSE:JBL)

Hunter Associates Investment Management LLC lifted its stake in shares of Jabil Inc. (NYSE:JBL) by 7.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,290 shares of the technology company’s stock after purchasing an additional 721 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Jabil were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Jabil by 71.2% during the 1st quarter. JPMorgan Chase & Co. now owns 6,232,495 shares of the technology company’s stock worth $549,457,000 after acquiring an additional 2,591,893 shares during the last quarter. Norges Bank bought a new stake in Jabil during the 4th quarter worth approximately $102,656,000. FMR LLC grew its holdings in Jabil by 15.9% during the 3rd quarter. FMR LLC now owns 10,525,084 shares of the technology company’s stock worth $1,335,528,000 after acquiring an additional 1,440,857 shares during the last quarter. Invesco Ltd. grew its holdings in Jabil by 230.6% during the 1st quarter. Invesco Ltd. now owns 1,863,230 shares of the technology company’s stock worth $115,018,000 after acquiring an additional 1,299,593 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Jabil by 1,610.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,198,451 shares of the technology company’s stock worth $6,215,000 after purchasing an additional 1,128,393 shares during the period. 93.39% of the stock is owned by institutional investors.

Insider Buying and Selling at Jabil

In other Jabil news, Director David M. Stout sold 31,300 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the completion of the sale, the director now owns 67,300 shares in the company, valued at approximately $8,285,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP May Yee Yap sold 7,877 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the sale, the senior vice president now owns 29,006 shares in the company, valued at approximately $4,050,687.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David M. Stout sold 31,300 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the completion of the sale, the director now owns 67,300 shares of the company’s stock, valued at approximately $8,285,976. The disclosure for this sale can be found here. In the last 90 days, insiders sold 107,177 shares of company stock worth $13,678,039. 2.62% of the stock is owned by corporate insiders.

Jabil Stock Down 8.4 %

Shares of Jabil stock traded down $10.84 during trading on Friday, reaching $118.75. 3,269,250 shares of the company traded hands, compared to its average volume of 940,140. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. Jabil Inc. has a 1-year low of $75.48 and a 1-year high of $156.94. The company has a 50 day moving average price of $138.03 and a 200-day moving average price of $131.12. The firm has a market capitalization of $14.32 billion, a PE ratio of 10.19, a P/E/G ratio of 1.38 and a beta of 1.40.

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

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Jabil’s dividend payout ratio (DPR) is presently 2.75%.

Wall Street Analysts Forecast Growth

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

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).