Jabil Inc. (NYSE:JBL) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. increased its position in shares of Jabil Inc. (NYSE:JBL) by 37.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,859 shares of the technology company’s stock after buying an additional 3,224 shares during the period. Meeder Asset Management Inc.’s holdings in Jabil were worth $1,707,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of JBL. SBI Securities Co. Ltd. bought a new position in Jabil during the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Jabil during the 4th quarter worth about $29,000. Millstone Evans Group LLC acquired a new stake in Jabil in the fourth quarter worth approximately $37,000. First Horizon Advisors Inc. boosted its stake in Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after buying an additional 130 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Jabil in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Transactions at Jabil

In related news, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the transaction, the director now owns 12,900 shares in the company, valued at $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Plant sold 50,000 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the transaction, the director now owns 5,900 shares in the company, valued at $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,400 shares of company stock valued at $12,804,458. Company insiders own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of research analyst reports. Barclays lifted their price target on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, March 21st. UBS Group upped their price objective on shares of Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. JPMorgan Chase & Co. boosted their price objective on Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. Finally, StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $167.50.

Jabil Stock Performance

JBL opened at $135.97 on Monday. The business’s 50-day moving average price is $154.45 and its two-hundred day moving average price is $139.84. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 13.04, a P/E/G ratio of 1.65 and a beta of 1.19. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. The company had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.68 EPS. Equities analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 7.66%.

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).