Marshall Wace LLP Has $12.42 Million Stock Position in Jabil Inc. (NYSE:JBL)

Marshall Wace LLP raised its position in Jabil Inc. (NYSE:JBL) by 70.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 114,161 shares of the technology company’s stock after acquiring an additional 47,009 shares during the period. Marshall Wace LLP’s holdings in Jabil were worth $12,420,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Jabil by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company’s stock valued at $1,919,948,000 after purchasing an additional 1,427,429 shares during the period. Primecap Management Co. CA grew its holdings in shares of Jabil by 3.0% during the second quarter. Primecap Management Co. CA now owns 3,682,875 shares of the technology company’s stock valued at $400,660,000 after buying an additional 107,800 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Jabil by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,636,737 shares of the technology company’s stock worth $178,058,000 after acquiring an additional 106,808 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Jabil by 29.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock worth $150,463,000 after acquiring an additional 310,590 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in Jabil by 23.2% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 594,138 shares of the technology company’s stock valued at $64,636,000 after acquiring an additional 111,928 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Performance

Shares of JBL stock opened at $122.34 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 2.23 and a beta of 1.25. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94. The firm’s 50-day simple moving average is $107.42 and its two-hundred day simple moving average is $116.49.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.22 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.59 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. Jabil’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.34 earnings per share. As a group, equities analysts forecast that Jabil Inc. will post 7.85 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.26%. The ex-dividend date was Thursday, August 15th. Jabil’s dividend payout ratio (DPR) is presently 2.91%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. JPMorgan Chase & Co. decreased their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Stifel Nicolaus increased their price target on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday. Barclays raised their price objective on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group reduced their target price on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. Finally, Bank of America raised their price target on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.75.

Insiders Place Their Bets

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