Handelsbanken Fonder AB Buys 165,900 Shares of Jabil Inc. (NYSE:JBL)

Handelsbanken Fonder AB raised its stake in shares of Jabil Inc. (NYSE:JBL) by 511.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 198,348 shares of the technology company’s stock after buying an additional 165,900 shares during the quarter. Handelsbanken Fonder AB owned about 0.18% of Jabil worth $28,542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Creative Planning grew its stake in Jabil by 33.0% during the third quarter. Creative Planning now owns 46,548 shares of the technology company’s stock valued at $5,578,000 after acquiring an additional 11,538 shares in the last quarter. Blue Trust Inc. boosted its holdings in Jabil by 32.2% in the 3rd quarter. Blue Trust Inc. now owns 2,559 shares of the technology company’s stock valued at $307,000 after purchasing an additional 623 shares during the period. Raymond James & Associates grew its position in shares of Jabil by 6.5% during the 3rd quarter. Raymond James & Associates now owns 115,108 shares of the technology company’s stock valued at $13,793,000 after purchasing an additional 7,046 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in shares of Jabil in the third quarter worth $241,000. Finally, Private Advisor Group LLC raised its position in shares of Jabil by 4.9% in the third quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company’s stock worth $309,000 after buying an additional 120 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on JBL shares. Stifel Nicolaus restated a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Barclays boosted their price objective on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. UBS Group boosted their price target on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group raised their price objective on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.17.

Jabil Stock Down 1.7 %

Shares of NYSE JBL opened at $166.20 on Friday. The stock has a market capitalization of $18.15 billion, a P/E ratio of 15.94, a PEG ratio of 1.69 and a beta of 1.23. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The firm’s 50 day simple moving average is $156.68 and its two-hundred day simple moving average is $132.27. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.88 by $0.12. The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.60 EPS. As a group, analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Insider Activity at Jabil

In other news, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction dated 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. This represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock worth $12,804,458 in the last ninety days. 1.73% of the stock is owned by company insiders.

Jabil Company 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).