Public Employees Retirement System of Ohio Increases Stock Position in Jabil Inc (NYSE:JBL)

Public Employees Retirement System of Ohio grew its holdings in Jabil Inc (NYSE:JBL) by 8.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,505 shares of the technology company’s stock after purchasing an additional 13,996 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.12% of Jabil worth $6,564,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. APG Asset Management N.V. increased its position in Jabil by 271.0% during the second quarter. APG Asset Management N.V. now owns 1,460,500 shares of the technology company’s stock worth $40,527,000 after buying an additional 1,066,800 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Jabil by 80.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,790,319 shares of the technology company’s stock worth $56,574,000 after purchasing an additional 799,777 shares during the period. BlackRock Inc. lifted its stake in shares of Jabil by 4.9% during the 2nd quarter. BlackRock Inc. now owns 14,301,993 shares of the technology company’s stock worth $451,943,000 after purchasing an additional 662,350 shares during the period. First Trust Advisors LP boosted its holdings in shares of Jabil by 75.8% during the third quarter. First Trust Advisors LP now owns 1,274,169 shares of the technology company’s stock worth $45,577,000 after purchasing an additional 549,272 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Jabil by 70.6% during the second quarter. Invesco Ltd. now owns 628,295 shares of the technology company’s stock worth $19,854,000 after purchasing an additional 260,081 shares during the last quarter. Institutional investors and hedge funds own 89.40% of the company’s stock.

Several research firms recently issued reports on JBL. Standpoint Research cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus boosted their target price on shares of Jabil from $30.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, September 25th. Argus upped their price target on shares of Jabil from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. ValuEngine downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Bank of America lifted their price target on shares of Jabil from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $37.13.

In related news, EVP Courtney J. Ryan sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $32.00, for a total transaction of $320,000.00. Following the completion of the sale, the executive vice president now directly owns 307,413 shares of the company’s stock, valued at approximately $9,837,216. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas A. Sansone sold 25,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $39.25, for a total transaction of $981,250.00. Following the sale, the director now directly owns 198,788 shares of the company’s stock, valued at $7,802,429. The disclosure for this sale can be found here. In the last three months, insiders sold 363,132 shares of company stock worth $13,261,199. Insiders own 2.90% of the company’s stock.

Jabil stock opened at $38.66 on Tuesday. The stock’s 50-day moving average is $37.92 and its 200-day moving average is $31.78. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.30 and a beta of 0.99. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.98 and a quick ratio of 0.62. Jabil Inc has a 12 month low of $21.49 and a 12 month high of $39.72.

Jabil (NYSE:JBL) last issued its earnings results on Tuesday, September 24th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.02. Jabil had a return on equity of 15.90% and a net margin of 1.14%. The business had revenue of $6.57 billion during the quarter, compared to analysts’ expectations of $6.63 billion. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS. Research analysts anticipate that Jabil Inc will post 2.49 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Thursday, November 14th. Jabil’s payout ratio is currently 17.68%.

About Jabil

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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).

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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