Stevens Capital Management LP Buys Shares of 10,037 Jabil Inc. (NYSE:JBL)

Stevens Capital Management LP purchased a new stake in Jabil Inc. (NYSE:JBL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,037 shares of the technology company’s stock, valued at approximately $1,279,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JBL. Cullen Frost Bankers Inc. purchased a new stake in Jabil during the 3rd quarter worth about $63,000. Lecap Asset Management Ltd. acquired a new position in Jabil during the 4th quarter worth approximately $1,146,000. D.A. Davidson & CO. increased its position in shares of Jabil by 15.3% in the 3rd quarter. D.A. Davidson & CO. now owns 29,305 shares of the technology company’s stock valued at $3,719,000 after purchasing an additional 3,887 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Jabil by 87.1% in the 3rd quarter. Deutsche Bank AG now owns 185,371 shares of the technology company’s stock valued at $23,522,000 after purchasing an additional 86,285 shares in the last quarter. Finally, Cozad Asset Management Inc. lifted its position in shares of Jabil by 21.4% during the 3rd quarter. Cozad Asset Management Inc. now owns 90,828 shares of the technology company’s stock worth $11,525,000 after purchasing an additional 16,038 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Jabil news, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the transaction, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director David M. Stout sold 31,300 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the sale, the director now directly owns 67,300 shares of the company’s stock, valued at approximately $8,285,976. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the transaction, the senior vice president now owns 29,006 shares in the company, valued at $4,050,687.90. The disclosure for this sale can be found here. In the last three months, insiders sold 107,177 shares of company stock worth $13,678,039. 2.62% of the stock is currently owned by insiders.

Jabil Stock Down 0.2 %

Shares of NYSE:JBL traded down $0.21 during midday trading on Friday, hitting $118.27. 1,940,088 shares of the company’s stock traded hands, compared to its average volume of 1,376,585. Jabil Inc. has a twelve month low of $75.48 and a twelve month high of $156.94. The company has a market cap of $14.26 billion, a PE ratio of 10.15, a P/E/G ratio of 1.28 and a beta of 1.40. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. The firm’s fifty day moving average price is $136.38 and its two-hundred day moving average price is $130.86.

Jabil (NYSE:JBL) last issued its earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.01). Jabil had a return on equity of 39.47% and a net margin of 4.70%. The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.91 billion. On average, equities research analysts anticipate that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Tuesday, May 14th. Jabil’s payout ratio is 2.75%.

Analyst Ratings Changes

Several research analysts have recently issued reports on JBL shares. Argus cut Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Barclays reduced their price target on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, March 18th. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, The Goldman Sachs Group boosted their target price on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $144.50.

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).