American Century Companies Inc. Grows Stock Holdings in Jabil Inc. (NYSE:JBL)

American Century Companies Inc. grew its stake in Jabil Inc. (NYSE:JBL) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,198 shares of the technology company’s stock after acquiring an additional 13,161 shares during the period. American Century Companies Inc. owned 0.23% of Jabil worth $35,428,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Meyer Handelman Co. bought a new stake in shares of Jabil in the fourth quarter valued at about $7,334,000. Davis Investment Partners LLC purchased a new position in Jabil during the 4th quarter valued at about $1,433,000. Truist Financial Corp raised its holdings in shares of Jabil by 50.4% in the 4th quarter. Truist Financial Corp now owns 12,037 shares of the technology company’s stock valued at $1,732,000 after purchasing an additional 4,034 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of Jabil in the 4th quarter worth approximately $235,000. Finally, Keybank National Association OH bought a new position in shares of Jabil during the fourth quarter valued at approximately $214,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. UBS Group boosted their price objective on shares of Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research report on Friday, March 21st. Barclays raised their price objective on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. boosted their target price on shares of 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 price target (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.50.

Insider Buying and Selling

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher S. Holland sold 3,400 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the sale, the director now directly owns 12,900 shares in the company, valued at $2,093,283. This trade represents a 20.86 % 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 90 days. Insiders own 1.73% of the company’s stock.

Jabil Trading Down 2.5 %

Jabil stock opened at $135.97 on Friday. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. 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. The stock has a 50-day moving average of $154.45 and a two-hundred day moving average of $139.32.

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

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Tuesday, February 18th. Jabil’s payout ratio is 7.66%.

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).