Brandywine Global Investment Management LLC Has $31.54 Million Stock Holdings in Jabil Inc. (NYSE:JBL)

Brandywine Global Investment Management LLC lifted its position in shares of Jabil Inc. (NYSE:JBL) by 38.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,161 shares of the technology company’s stock after purchasing an additional 60,578 shares during the period. Brandywine Global Investment Management LLC owned about 0.20% of Jabil worth $31,537,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Private Wealth Group LLC increased its position in Jabil by 12.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,169 shares of the technology company’s stock valued at $334,000 after acquiring an additional 240 shares during the period. Schroder Investment Management Group grew its stake in shares of Jabil by 32.4% in the fourth quarter. Schroder Investment Management Group now owns 2,780 shares of the technology company’s stock worth $400,000 after purchasing an additional 681 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Jabil in the fourth quarter valued at $2,074,000. Allstate Corp bought a new position in Jabil during the 4th quarter worth $472,000. Finally, DnB Asset Management AS lifted its holdings in Jabil by 3.7% during the 4th quarter. DnB Asset Management AS now owns 21,426 shares of the technology company’s stock worth $3,083,000 after buying an additional 756 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on JBL shares. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research note on Friday, March 21st. The Goldman Sachs Group increased their target price on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Barclays boosted their price target on shares of Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. increased their price objective on shares of Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. Finally, UBS Group boosted their target price on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.50.

Jabil Stock Down 2.5 %

Jabil stock opened at $135.97 on Monday. The company has a market capitalization of $14.84 billion, a PE ratio of 13.04, a PEG ratio of 1.65 and a beta of 1.19. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The firm’s fifty day moving average is $154.45 and its 200 day moving average is $139.84. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. Jabil’s dividend payout ratio is 7.66%.

Insider Transactions at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the transaction, the director now owns 5,900 shares of the company’s stock, valued at $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock valued at $12,804,458 over the last ninety days. 1.73% of the stock is owned by company insiders.

Jabil Company 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).