Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Position in Jabil Inc. (NYSE:JBL)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Jabil Inc. (NYSE:JBL) by 129.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 219,901 shares of the technology company’s stock after acquiring an additional 124,241 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.20% of Jabil worth $31,644,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JBL. SBI Securities Co. Ltd. purchased a new position in Jabil in the 4th quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new position in Jabil in the 3rd quarter worth approximately $32,000. Brooklyn Investment Group purchased a new position in Jabil in the 3rd quarter worth approximately $39,000. First Horizon Advisors Inc. boosted its holdings in Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after acquiring an additional 130 shares during the period. Finally, GHP Investment Advisors Inc. purchased a new position in Jabil in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Trading Down 4.9 %

Shares of NYSE JBL opened at $133.08 on Tuesday. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.65 and a beta of 1.19. The business has a 50 day simple moving average of $158.22 and a 200 day simple moving average of $136.50. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same period in the previous year, the company earned $2.60 EPS. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. On average, research analysts predict that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is 3.07%.

Wall Street Analyst Weigh In

Several research firms have recently commented on JBL. UBS Group increased their target price on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group increased their target price on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Barclays increased their target price on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $158.83.

Insider Buying and Selling at Jabil

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the transaction, the director now owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock worth $12,804,458 over the last three months. Company insiders own 1.73% of the company’s stock.

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).