Baird Financial Group Inc. Purchases 208 Shares of Jabil Inc. (NYSE:JBL)

Baird Financial Group Inc. increased its position in Jabil Inc. (NYSE:JBL) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,462 shares of the technology company’s stock after purchasing an additional 208 shares during the quarter. Baird Financial Group Inc.’s holdings in Jabil were worth $5,822,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JBL. SBI Securities Co. Ltd. acquired a new stake in shares of Jabil during the 4th quarter valued at about $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Jabil in the 4th quarter valued at approximately $29,000. Millstone Evans Group LLC acquired a new position in shares of Jabil in the 4th quarter worth approximately $37,000. First Horizon Advisors Inc. lifted its position in shares of Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after buying an additional 130 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Jabil by 113.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock valued at $43,000 after buying an additional 158 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JBL. Barclays lifted their price objective on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, March 21st. UBS Group boosted their price target on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. The Goldman Sachs Group decreased their price objective on shares of Jabil from $175.00 to $146.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. cut their target price on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research report on Friday, April 18th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.50.

Jabil Stock Performance

Shares of Jabil stock opened at $153.97 on Friday. The firm has a 50 day simple moving average of $138.51 and a 200 day simple moving average of $143.74. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The firm has a market cap of $16.53 billion, a P/E ratio of 14.76, a P/E/G ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. The company had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 earnings per share. Sell-side analysts predict that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil’s dividend payout ratio (DPR) is 7.66%.

Insider Activity at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the company’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the sale, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. The trade was a 1.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.73% of the stock is currently owned by company insiders.

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).