Charles Schwab Investment Management Inc. Increases Stake in Jabil Inc. (NYSE:JBL)

Charles Schwab Investment Management Inc. increased its stake in shares of Jabil Inc. (NYSE:JBL) by 29.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,111,281 shares of the technology company’s stock after buying an additional 249,889 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.87% of Jabil worth $141,577,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in JBL. FMR LLC increased its holdings in shares of Jabil by 15.9% in the third quarter. FMR LLC now owns 10,525,084 shares of the technology company’s stock valued at $1,335,528,000 after purchasing an additional 1,440,857 shares during the period. Wellington Management Group LLP lifted its stake in Jabil by 0.7% during the 3rd quarter. Wellington Management Group LLP now owns 5,392,355 shares of the technology company’s stock valued at $684,236,000 after acquiring an additional 36,560 shares during the period. Northern Trust Corp boosted its holdings in shares of Jabil by 13.8% in the 3rd quarter. Northern Trust Corp now owns 1,162,838 shares of the technology company’s stock valued at $147,553,000 after acquiring an additional 141,383 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Jabil in the third quarter worth $124,319,000. Finally, California Public Employees Retirement System raised its holdings in shares of Jabil by 2.6% during the fourth quarter. California Public Employees Retirement System now owns 784,669 shares of the technology company’s stock worth $99,967,000 after purchasing an additional 19,611 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jabil

In other Jabil news, SVP May Yee Yap sold 7,877 shares of the company’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 completion of the sale, the senior vice president now directly owns 29,006 shares in the company, valued at approximately $4,050,687.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Jabil news, SVP May Yee Yap sold 7,877 shares of Jabil 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 sale, the senior vice president now owns 29,006 shares in the company, valued at $4,050,687.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark T. Mondello sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total value of $6,304,500.00. Following the sale, the chairman now directly owns 1,809,194 shares of the company’s stock, valued at $228,121,271.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,877 shares of company stock valued at $9,824,383. 2.62% of the stock is currently owned by insiders.

Jabil Stock Performance

NYSE JBL opened at $117.95 on Friday. The stock’s 50 day simple moving average is $131.27 and its 200-day simple moving average is $129.62. Jabil Inc. has a 1-year low of $77.74 and a 1-year high of $156.94. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. The company has a market cap of $14.22 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 1.25 and a beta of 1.42.

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

Jabil Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on JBL. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. The Goldman Sachs Group upped their price objective on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Barclays decreased their target price on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday, March 18th. Finally, Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target 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).