WINTON GROUP Ltd Purchases 33,140 Shares of Jabil Inc. (NYSE:JBL)

WINTON GROUP Ltd grew its holdings in shares of Jabil Inc. (NYSE:JBL) by 352.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 42,544 shares of the technology company’s stock after purchasing an additional 33,140 shares during the quarter. WINTON GROUP Ltd’s holdings in Jabil were worth $6,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Two Sigma Advisers LP increased its stake in shares of Jabil by 406.5% in the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock worth $86,613,000 after purchasing an additional 580,100 shares in the last quarter. FMR LLC grew its holdings in Jabil by 11.3% during the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock valued at $613,087,000 after purchasing an additional 520,672 shares during the period. Raymond James Financial Inc. purchased a new stake in Jabil in the fourth quarter worth about $43,312,000. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Jabil by 595.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company’s stock worth $41,118,000 after buying an additional 293,801 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Jabil by 50.8% during the 4th quarter. Victory Capital Management Inc. now owns 627,041 shares of the technology company’s stock valued at $90,231,000 after buying an additional 211,168 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on JBL shares. Barclays raised their target price on shares of Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. raised their price objective on shares of Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Friday, March 21st. The Goldman Sachs Group increased their price target on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Finally, UBS Group boosted their price objective on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating and six have given 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.

Insider Activity at Jabil

In related news, Director John C. Plant sold 50,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 119,108 shares in the company, valued at $18,021,040.40. The trade was a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,400 shares of company stock valued at $12,804,458. 1.73% of the stock is owned by corporate insiders.

Jabil Stock Performance

JBL opened at $143.88 on Thursday. 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 capitalization of $15.71 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 1.65 and a beta of 1.19. The company has a fifty day moving average of $155.44 and a 200 day moving average of $139.09. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80.

Jabil (NYSE:JBL) last issued its earnings results 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. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same period in the previous year, the firm posted $1.68 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts forecast 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. Stockholders of record on Tuesday, February 18th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. Jabil’s dividend payout ratio is currently 7.66%.

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).