Strs Ohio Grows Stake in Jabil Inc (JBL)

Strs Ohio grew its position in Jabil Inc (NYSE:JBL) by 0.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,015,860 shares of the technology company’s stock after buying an additional 1,345 shares during the period. Strs Ohio owned 0.66% of Jabil worth $27,011,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBL. Cozad Asset Management Inc. boosted its position in shares of Jabil by 16.5% in the 1st quarter. Cozad Asset Management Inc. now owns 13,750 shares of the technology company’s stock worth $366,000 after purchasing an additional 1,950 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Jabil by 37.5% in the 1st quarter. First Citizens Bank & Trust Co. now owns 12,386 shares of the technology company’s stock worth $329,000 after purchasing an additional 3,379 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Jabil by 103.3% in the 1st quarter. State of Alaska Department of Revenue now owns 34,159 shares of the technology company’s stock worth $907,000 after purchasing an additional 17,353 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Jabil by 133.8% in the 4th quarter. Deutsche Bank AG now owns 669,415 shares of the technology company’s stock worth $16,592,000 after purchasing an additional 383,074 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Jabil in the 4th quarter worth $46,681,000. 91.84% of the stock is owned by institutional investors.

NYSE:JBL opened at $31.14 on Friday. Jabil Inc has a 12-month low of $21.49 and a 12-month high of $31.24. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.60 and a current ratio of 1.02. The firm has a market capitalization of $4.76 billion, a PE ratio of 14.35, a P/E/G ratio of 1.13 and a beta of 0.60.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Thursday, March 14th. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.06). Jabil had a return on equity of 18.89% and a net margin of 0.74%. The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. Analysts forecast that Jabil Inc will post 2.31 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 annualized dividend and a yield of 1.03%. Jabil’s dividend payout ratio is presently 14.75%.

Several research firms have recently issued reports on JBL. Raymond James upgraded Jabil from a “market perform” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a research report on Monday, April 1st. TheStreet upgraded Jabil from a “c+” rating to a “b” rating in a research report on Monday, February 25th. Finally, Zacks Investment Research upgraded Jabil from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday, January 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $29.17.

In other Jabil news, CEO Steven D. Borges sold 10,000 shares of Jabil stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $31.00, for a total transaction of $310,000.00. Following the transaction, the chief executive officer now directly owns 257,615 shares in the company, valued at $7,986,065. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael J. Loparco sold 2,500 shares of Jabil stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $26.40, for a total value of $66,000.00. Following the transaction, the chief executive officer now owns 291,943 shares in the company, valued at $7,707,295.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,410 shares of company stock worth $2,067,296. Corporate insiders own 2.90% of the company’s stock.

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About Jabil

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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).

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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