Vontobel Holding Ltd. Buys 2,628 Shares of Jabil Inc. (NYSE:JBL)

Vontobel Holding Ltd. boosted its stake in Jabil Inc. (NYSE:JBL) by 44.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,523 shares of the technology company’s stock after purchasing an additional 2,628 shares during the period. Vontobel Holding Ltd.’s holdings in Jabil were worth $1,226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JBL. Pacer Advisors Inc. raised its stake in shares of Jabil by 12,251.7% during the third quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock valued at $264,391,000 after acquiring an additional 2,188,521 shares during the last quarter. Two Sigma Advisers LP raised its stake in Jabil by 406.5% during the third quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock worth $86,613,000 after buying an additional 580,100 shares during the last quarter. FMR LLC raised its stake in Jabil by 11.3% during the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after buying an additional 520,672 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Jabil by 595.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company’s stock worth $41,118,000 after buying an additional 293,801 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC raised its stake in Jabil by 29.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 574,938 shares of the technology company’s stock worth $68,895,000 after buying an additional 129,400 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Performance

NYSE JBL opened at $169.60 on Tuesday. The company’s 50 day moving average is $154.59 and its 200-day moving average is $131.28. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market cap of $18.52 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 1.64 and a beta of 1.23.

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

Jabil Announces Dividend

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

Insiders Place Their Bets

In related news, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 5,900 shares in the company, valued at $1,018,045. This represents a 89.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the transaction, the director now owns 12,900 shares of the company’s stock, 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 a total of 77,400 shares of company stock valued at $12,804,458 in the last quarter. Corporate insiders own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

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

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).