Alaska Permanent Fund Corp Makes New $29,000 Investment in Jabil Inc. (NYSE:JBL)

Alaska Permanent Fund Corp bought a new position in shares of Jabil Inc. (NYSE:JBL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 230 shares of the technology company’s stock, valued at approximately $29,000.

Other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new stake in Jabil during the third quarter worth $63,000. Lecap Asset Management Ltd. purchased a new stake in shares of Jabil in the fourth quarter valued at $1,146,000. D.A. Davidson & CO. lifted its position in shares of Jabil by 15.3% in the third quarter. D.A. Davidson & CO. now owns 29,305 shares of the technology company’s stock valued at $3,719,000 after acquiring an additional 3,887 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Jabil by 87.1% in the third quarter. Deutsche Bank AG now owns 185,371 shares of the technology company’s stock valued at $23,522,000 after acquiring an additional 86,285 shares in the last quarter. Finally, Cozad Asset Management Inc. lifted its position in shares of Jabil by 21.4% in the third quarter. Cozad Asset Management Inc. now owns 90,828 shares of the technology company’s stock valued at $11,525,000 after acquiring an additional 16,038 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Argus downgraded Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group upped their price objective on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, March 4th. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Barclays reduced their price objective on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research report on Monday, March 18th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $144.50.

Insider Activity at Jabil

In related news, Director David M. Stout sold 31,300 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $123.12, for a total value of $3,853,656.00. Following the completion of the transaction, the director now owns 67,300 shares of the company’s stock, valued at $8,285,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director David M. Stout sold 31,300 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $123.12, for a total value of $3,853,656.00. Following the completion of the transaction, the director now owns 67,300 shares of the company’s stock, valued at $8,285,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP May Yee Yap sold 7,877 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 107,177 shares of company stock valued at $13,678,039. Insiders own 2.62% of the company’s stock.

Jabil Stock Performance

NYSE JBL opened at $118.27 on Friday. The business’s 50-day moving average price is $135.97 and its 200 day moving average price is $130.75. Jabil Inc. has a twelve month low of $75.48 and a twelve month high of $156.94. The company has a market capitalization of $14.26 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. 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 (NYSE:JBL) last announced its quarterly 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). The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. On average, research analysts predict that Jabil Inc. will post 7.83 earnings per share for the current year.

Jabil Announces Dividend

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

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).