Jabil Inc. (NYSE:JBL) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in Jabil Inc. (NYSE:JBL) by 7.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,636,737 shares of the technology company’s stock after acquiring an additional 106,808 shares during the period. Dimensional Fund Advisors LP’s holdings in Jabil were worth $178,058,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Jabil by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company’s stock valued at $1,919,948,000 after buying an additional 1,427,429 shares during the period. Bank of New York Mellon Corp raised its position in shares of Jabil by 29.0% during the second quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock worth $150,463,000 after purchasing an additional 310,590 shares during the period. Artisan Partners Limited Partnership raised its position in shares of Jabil by 36.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,339,559 shares of the technology company’s stock worth $170,660,000 after purchasing an additional 359,818 shares during the period. Van Lanschot Kempen Investment Management N.V. raised its position in shares of Jabil by 23.2% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 594,138 shares of the technology company’s stock worth $64,636,000 after purchasing an additional 111,928 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Jabil by 72.0% during the second quarter. Victory Capital Management Inc. now owns 490,499 shares of the technology company’s stock worth $53,361,000 after purchasing an additional 205,331 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Performance

Shares of NYSE JBL opened at $113.96 on Friday. The business’s 50-day moving average price is $107.10 and its two-hundred day moving average price is $118.14. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.13 and a quick ratio of 0.74. Jabil Inc. has a one year low of $95.85 and a one year high of $156.94. The company has a market capitalization of $12.93 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, June 20th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.53 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. The business’s quarterly revenue was down 20.2% compared to the same quarter last year. Analysts anticipate that Jabil Inc. will post 7.86 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. Jabil’s dividend payout ratio (DPR) is currently 2.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JBL shares. Barclays cut their target price on Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Stifel Nicolaus cut their target price on Jabil from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. dropped their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Bank of America dropped their price target on Jabil from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, June 21st. Finally, UBS Group dropped their price target on Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Jabil currently has an average rating of “Moderate Buy” and a consensus price target of $139.88.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the transaction, the executive vice president now owns 112,753 shares in the company, valued at $13,126,704.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Frederic E. Mccoy sold 1,250 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total transaction of $145,525.00. Following the transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP May Yee Yap sold 4,274 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following the transaction, the senior vice president now directly owns 24,829 shares in the company, valued at approximately $2,905,986.16. The disclosure for this sale can be found here. Corporate insiders own 2.62% of the company’s stock.

Jabil Profile

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).