230 Shares in Jabil Inc. (NYSE:JBL) Purchased by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp acquired a new position in shares of Jabil Inc. (NYSE:JBL) in the 4th quarter, Holdings Channel reports. The fund acquired 230 shares of the technology company’s stock, valued at approximately $29,000.

Other large investors have also made changes to their positions in the company. CVA Family Office LLC acquired a new position in shares of Jabil during the 4th quarter worth about $36,000. Valley National Advisers Inc. acquired a new position in Jabil in the 4th quarter valued at approximately $36,000. Hanseatic Management Services Inc. acquired a new position in Jabil in the 3rd quarter valued at approximately $48,000. Ceredex Value Advisors LLC acquired a new position in Jabil in the 3rd quarter valued at approximately $51,000. Finally, Allworth Financial LP raised its holdings in Jabil by 745.8% in the 4th quarter. Allworth Financial LP now owns 406 shares of the technology company’s stock valued at $52,000 after acquiring an additional 358 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on JBL shares. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a report on Tuesday. 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 note on Monday, March 4th. Barclays lowered their price objective on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, March 18th. Finally, Argus lowered Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $144.50.

Insider Buying and Selling at Jabil

In other news, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $134.20, for a total value of $2,013,000.00. Following the transaction, the chief executive officer now owns 339,725 shares of the company’s stock, valued at approximately $45,591,095. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP May Yee Yap sold 7,877 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the transaction, the senior vice president now owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the transaction, the chief executive officer now directly owns 339,725 shares in the company, valued at approximately $45,591,095. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 107,177 shares of company stock worth $13,678,039. Insiders own 2.62% of the company’s stock.

Jabil Stock Down 0.2 %

NYSE JBL opened at $118.27 on Friday. The firm has a market cap 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. Jabil Inc. has a one year low of $75.48 and a one year high of $156.94. The stock’s 50 day simple moving average is $135.97 and its 200 day simple moving average is $130.75. 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 (NYSE:JBL) last announced its quarterly earnings data 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 firm had revenue of $6.77 billion during 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, sell-side analysts forecast that Jabil Inc. will post 7.83 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be given a $0.08 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Jabil’s payout ratio is 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).