Parametric Portfolio Associates LLC raised its position in Jabil Inc (NYSE:JBL) by 8.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 717,446 shares of the technology company’s stock after purchasing an additional 58,900 shares during the period. Parametric Portfolio Associates LLC owned 0.41% of Jabil worth $20,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in JBL. Schwab Charles Investment Management Inc. increased its position in shares of Jabil by 3.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 744,390 shares of the technology company’s stock valued at $21,729,000 after purchasing an additional 25,047 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Jabil by 29.3% in the 2nd quarter. SG Americas Securities LLC now owns 50,876 shares of the technology company’s stock valued at $1,485,000 after purchasing an additional 11,515 shares during the last quarter. Legal & General Group Plc increased its position in shares of Jabil by 5.0% in the 2nd quarter. Legal & General Group Plc now owns 914,334 shares of the technology company’s stock valued at $26,688,000 after purchasing an additional 43,628 shares during the last quarter. Aviva PLC increased its position in shares of Jabil by 1.2% in the 2nd quarter. Aviva PLC now owns 106,208 shares of the technology company’s stock valued at $3,100,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Jabil by 468.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 100,449 shares of the technology company’s stock valued at $2,933,000 after purchasing an additional 82,774 shares during the last quarter. 94.70% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on JBL shares. Goldman Sachs Group downgraded shares of Jabil from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $28.00 to $26.00 in a research report on Tuesday, October 10th. ValuEngine upgraded shares of Jabil from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 7th. Zacks Investment Research cut shares of Jabil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 28th. Argus upgraded shares of Jabil from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Monday, December 18th. Finally, UBS Group restated a “buy” rating and issued a $35.00 target price on shares of Jabil in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.45.

Shares of Jabil Inc (JBL) opened at $26.24 on Wednesday. The firm has a market cap of $4,722.06, a price-to-earnings ratio of 46.04, a P/E/G ratio of 1.08 and a beta of 0.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.50 and a current ratio of 0.95. Jabil Inc has a 52 week low of $22.78 and a 52 week high of $31.70.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, December 14th. The technology company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.01. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Jabil had a net margin of 0.54% and a return on equity of 12.95%. Jabil’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. analysts forecast that Jabil Inc will post 2.06 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Tuesday, November 14th. Jabil’s dividend payout ratio is currently 56.14%.

In other Jabil news, President William E. Peters sold 3,580 shares of the company’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $28.74, for a total transaction of $102,889.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Erich Hoch sold 2,500 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $28.49, for a total transaction of $71,225.00. Following the transaction, the chief executive officer now owns 206,943 shares of the company’s stock, valued at approximately $5,895,806.07. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,680 shares of company stock valued at $4,204,246. 2.60% of the stock is owned by company insiders.

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About Jabil

Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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