Robeco Institutional Asset Management B.V. Buys 140,372 Shares of Jabil Inc. (NYSE:JBL)

Robeco Institutional Asset Management B.V. increased its stake in Jabil Inc. (NYSE:JBL – Get Rating) by 246.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,349 shares of the technology company’s stock after purchasing an additional 140,372 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Jabil were worth $11,390,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. State Street Corp raised its position in Jabil by 3.0% in the 1st quarter. State Street Corp now owns 4,454,878 shares of the technology company’s stock worth $275,000,000 after purchasing an additional 127,736 shares during the last quarter. LSV Asset Management raised its position in Jabil by 2.0% in the 3rd quarter. LSV Asset Management now owns 4,331,115 shares of the technology company’s stock worth $249,949,000 after purchasing an additional 85,540 shares during the last quarter. Primecap Management Co. CA raised its position in Jabil by 1.0% in the 2nd quarter. Primecap Management Co. CA now owns 3,772,122 shares of the technology company’s stock worth $193,170,000 after purchasing an additional 36,447 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in Jabil by 4.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,063,000 shares of the technology company’s stock worth $119,056,000 after acquiring an additional 82,200 shares during the period. Finally, Invesco Ltd. grew its holdings in Jabil by 230.6% during the 1st quarter. Invesco Ltd. now owns 1,863,230 shares of the technology company’s stock worth $115,018,000 after acquiring an additional 1,299,593 shares during the period. Institutional investors own 88.45% of the company’s stock.

Jabil Price Performance

Shares of JBL stock opened at $78.96 on Friday. Jabil Inc. has a 12-month low of $48.80 and a 12-month high of $85.70. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. The company has a quick ratio of 0.57, a current ratio of 1.02 and a debt-to-equity ratio of 1.02. The firm has a fifty day moving average of $81.00 and a 200-day moving average of $70.18.

Jabil (NYSE:JBL – Get Rating) last posted its quarterly earnings data on Thursday, December 15th. The technology company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.28). The company had revenue of $9.64 billion during the quarter, compared to the consensus estimate of $9.28 billion. Jabil had a net margin of 2.83% and a return on equity of 40.43%. On average, equities research analysts forecast that Jabil Inc. will post 7.81 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 2nd. Investors of record on Wednesday, February 15th were given a $0.08 dividend. The ex-dividend date was Tuesday, February 14th. This represents a $0.32 annualized dividend and a yield of 0.41%. Jabil’s dividend payout ratio is currently 4.64%.

Insider Activity at Jabil

In related news, CFO Michael Dastoor sold 57,791 shares of the business’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $74.44, for a total value of $4,301,962.04. Following the sale, the chief financial officer now directly owns 191,607 shares of the company’s stock, valued at approximately $14,263,225.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Jabil news, EVP Kenneth S. Wilson sold 5,000 shares of the business’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $70.00, for a total transaction of $350,000.00. Following the sale, the executive vice president now directly owns 337,776 shares of the company’s stock, valued at approximately $23,644,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Dastoor sold 57,791 shares of the business’s stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $74.44, for a total transaction of $4,301,962.04. Following the sale, the chief financial officer now directly owns 191,607 shares in the company, valued at $14,263,225.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 197,562 shares of company stock valued at $14,936,641. 2.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on JBL shares. Raymond James lifted their target price on shares of Jabil from $84.00 to $100.00 and gave the stock a “strong-buy” rating in a report on Tuesday, March 14th. StockNews.com started coverage on shares of Jabil in a report on Thursday. They set a “buy” rating for the company. Citigroup lifted their target price on shares of Jabil from $80.00 to $85.00 in a report on Friday, December 16th. Credit Suisse Group lifted their target price on shares of Jabil from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, February 21st. Finally, UBS Group assumed coverage on shares of Jabil in a report on Tuesday, December 13th. They issued a “neutral” rating and a $76.00 price target for the company. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $92.20.

Jabil Profile

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Jabil, Inc engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries.