Mizuho Securities USA LLC Has $1.54 Million Stock Position in Jabil Inc. (NYSE:JBL)

Mizuho Securities USA LLC lifted its position in shares of Jabil Inc. (NYSE:JBL) by 45.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,695 shares of the technology company’s stock after purchasing an additional 3,339 shares during the quarter. Mizuho Securities USA LLC’s holdings in Jabil were worth $1,539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of JBL. Sciencast Management LP raised its stake in shares of Jabil by 32.4% in the 4th quarter. Sciencast Management LP now owns 19,982 shares of the technology company’s stock valued at $2,875,000 after buying an additional 4,893 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Jabil in the fourth quarter worth about $37,000. TD Private Client Wealth LLC lifted its stake in Jabil by 52.9% during the fourth quarter. TD Private Client Wealth LLC now owns 474 shares of the technology company’s stock worth $68,000 after purchasing an additional 164 shares during the period. iA Global Asset Management Inc. boosted its holdings in Jabil by 1,293.5% during the fourth quarter. iA Global Asset Management Inc. now owns 40,120 shares of the technology company’s stock valued at $5,773,000 after purchasing an additional 37,241 shares in the last quarter. Finally, Magnetar Financial LLC grew its stake in shares of Jabil by 120.4% in the 4th quarter. Magnetar Financial LLC now owns 5,979 shares of the technology company’s stock valued at $860,000 after purchasing an additional 3,266 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on JBL shares. Barclays raised their target price on 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. upped their target price on shares of Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. 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 research note on Friday, March 21st. Finally, The Goldman Sachs Group lifted their target price on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Jabil currently has an average rating of “Moderate Buy” and a consensus target price of $167.50.

Insider Buying and Selling at Jabil

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

Jabil Trading Down 1.2 %

Shares of NYSE JBL opened at $148.20 on Wednesday. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The company has a 50-day moving average of $155.73 and a two-hundred day moving average of $139.06. The company has a market cap of $16.18 billion, a PE ratio of 14.21, a P/E/G ratio of 1.65 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion for 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 business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.68 EPS. As a group, equities analysts expect that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.22%. Jabil’s dividend payout ratio is currently 7.66%.

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).