Vinva Investment Management Ltd Has $6.58 Million Position in Jabil Inc. (NYSE:JBL)

Vinva Investment Management Ltd increased its stake in shares of Jabil Inc. (NYSE:JBL) by 174.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,748 shares of the technology company’s stock after buying an additional 29,075 shares during the quarter. Vinva Investment Management Ltd’s holdings in Jabil were worth $6,577,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new stake in Jabil during the fourth quarter worth $27,000. First Horizon Advisors Inc. lifted 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 worth $39,000 after purchasing an additional 130 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Jabil by 113.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock worth $43,000 after purchasing an additional 158 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in Jabil during the fourth quarter worth $43,000. Finally, Brooklyn Investment Group bought a new stake in Jabil during the third quarter worth $39,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Down 2.0 %

Shares of JBL opened at $135.54 on Wednesday. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.65 and a beta of 1.19. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The stock has a fifty day moving average of $156.64 and a 200-day moving average of $137.61.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.12. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period last year, the company earned $2.60 EPS. As a group, sell-side analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio is currently 3.07%.

Insider Buying and Selling

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the transaction, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the transaction, the director now directly owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock valued at $12,804,458 in the last three months. Insiders own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. The Goldman Sachs Group upped their target price on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. UBS Group increased their price target on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Barclays increased their price target on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Jabil has an average rating of “Moderate Buy” and a consensus target price of $158.83.

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).