Teacher Retirement System of Texas Purchases 99,642 Shares of Jabil Inc. (NYSE:JBL)

Teacher Retirement System of Texas increased its position in shares of Jabil Inc. (NYSE:JBL) by 55.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 278,651 shares of the technology company’s stock after buying an additional 99,642 shares during the period. Teacher Retirement System of Texas’ holdings in Jabil were worth $40,098,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of JBL. FMR LLC grew its holdings in Jabil by 11.3% in the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after purchasing an additional 520,672 shares during the period. Primecap Management Co. CA grew its holdings in Jabil by 0.3% in the third quarter. Primecap Management Co. CA now owns 3,692,560 shares of the technology company’s stock worth $442,479,000 after purchasing an additional 9,685 shares during the period. Pacer Advisors Inc. grew its holdings in Jabil by 12,251.7% in the third quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock worth $264,391,000 after purchasing an additional 2,188,521 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Jabil by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,045,213 shares of the technology company’s stock worth $150,406,000 after purchasing an additional 10,541 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Jabil by 15.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 903,526 shares of the technology company’s stock worth $108,270,000 after purchasing an additional 118,376 shares during the period. Institutional investors own 93.39% of the company’s stock.

Jabil Price Performance

Shares of NYSE JBL opened at $143.69 on Friday. 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 $156.14 and its 200 day simple moving average is $137.66. 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 market cap of $15.69 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping 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 analysts’ expectations of $6.40 billion. During the same quarter last year, the firm earned $1.68 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. As a group, research analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given 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 0.22%. Jabil’s dividend payout ratio is currently 3.07%.

Insiders Place Their Bets

In other news, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction that occurred 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 owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock valued at $12,804,458 in the last 90 days. 1.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on JBL. UBS Group raised their price target on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. The Goldman Sachs Group lifted their price objective on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a report on Monday, February 24th. Barclays upped their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company 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).