Vanguard Group Inc. Purchases 1,427,429 Shares of Jabil Inc. (NYSE:JBL)

Vanguard Group Inc. increased its position in Jabil Inc. (NYSE:JBL) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,070,238 shares of the technology company’s stock after purchasing an additional 1,427,429 shares during the quarter. Vanguard Group Inc. owned approximately 11.82% of Jabil worth $1,919,948,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of JBL. Alaska Permanent Fund Corp bought a new position in Jabil in the fourth quarter worth approximately $29,000. Pacific Capital Wealth Advisors Inc. bought a new position in Jabil in the fourth quarter worth approximately $32,000. CVA Family Office LLC bought a new position in Jabil in the fourth quarter worth approximately $36,000. Valley National Advisers Inc. purchased a new stake in Jabil during the fourth quarter worth $36,000. Finally, Hanseatic Management Services Inc. bought a new stake in Jabil during the 3rd quarter valued at $48,000. Institutional investors own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on JBL shares. Barclays dropped their target price on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research report on Monday, March 18th. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. The Goldman Sachs Group increased their target price on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Argus cut Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. dropped their target price on Jabil from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $147.14.

Insiders Place Their Bets

In other Jabil news, EVP Gerald Creadon sold 3,000 shares of Jabil stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the completion of the sale, the executive vice president now owns 65,434 shares of the company’s stock, valued at approximately $8,874,159.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Jabil news, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction dated 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 owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gerald Creadon sold 3,000 shares of Jabil stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total value of $406,860.00. Following the sale, the executive vice president now directly owns 65,434 shares of the company’s stock, valued at approximately $8,874,159.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,877 shares of company stock valued at $3,519,883. 2.62% of the stock is owned by company insiders.

Jabil Stock Up 1.3 %

Jabil stock opened at $126.04 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. The stock has a market capitalization of $15.20 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.50 and a beta of 1.35. Jabil Inc. has a 1-year low of $100.18 and a 1-year high of $156.94. The business has a fifty day moving average price of $120.51 and a 200-day moving average price of $128.03.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. Jabil’s dividend payout ratio 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).