Mitsubishi UFJ Asset Management Co. Ltd. Purchases 8,291 Shares of Jabil Inc. (NYSE:JBL)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Jabil Inc. (NYSE:JBL) by 4.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 186,373 shares of the technology company’s stock after purchasing an additional 8,291 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Jabil were worth $27,893,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of JBL. Bleakley Financial Group LLC increased its holdings in Jabil by 2.2% during the 4th quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock valued at $471,000 after purchasing an additional 70 shares during the period. Greenleaf Trust grew its position in shares of Jabil by 1.3% in the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock worth $816,000 after buying an additional 72 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in shares of Jabil by 3.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock valued at $365,000 after buying an additional 80 shares during the period. Lifestyle Asset Management Inc. raised its holdings in shares of Jabil by 1.0% during the fourth quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company’s stock valued at $1,384,000 after acquiring an additional 95 shares in the last quarter. Finally, Savant Capital LLC lifted its stake in Jabil by 1.9% in the fourth quarter. Savant Capital LLC now owns 5,332 shares of the technology company’s stock worth $767,000 after acquiring an additional 99 shares during the period. 93.39% of the stock is owned by institutional investors.

Jabil Price Performance

Shares of JBL opened at $135.97 on Monday. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The firm’s 50-day simple moving average is $154.45 and its two-hundred day simple moving average is $139.84. The stock has a market cap of $14.84 billion, a PE ratio of 13.04, a price-to-earnings-growth 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.

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

Jabil Announces Dividend

The company 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 was Tuesday, February 18th. Jabil’s payout ratio is 7.66%.

Insider Activity at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the 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 sale, 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 ownership of the stock. The transaction 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 the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the transaction, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,400 shares of company stock valued at $12,804,458. 1.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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).