Sciencast Management LP Has $2.88 Million Holdings in Jabil Inc. (NYSE:JBL)

Sciencast Management LP boosted its position in shares of Jabil Inc. (NYSE:JBL) by 32.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,982 shares of the technology company’s stock after acquiring an additional 4,893 shares during the period. Sciencast Management LP’s holdings in Jabil were worth $2,875,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Jabil during the 3rd quarter valued at approximately $365,000. PNC Financial Services Group Inc. boosted its position in shares of Jabil by 2.9% in the third quarter. PNC Financial Services Group Inc. now owns 35,734 shares of the technology company’s stock valued at $4,282,000 after acquiring an additional 1,013 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Jabil by 2,750.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 110,701 shares of the technology company’s stock valued at $13,265,000 after acquiring an additional 106,818 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of Jabil in the third quarter worth $5,434,000. Finally, AlphaCore Capital LLC increased its position in Jabil by 4.7% during the third quarter. AlphaCore Capital LLC now owns 3,145 shares of the technology company’s stock worth $377,000 after acquiring an additional 141 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Jabil Trading Up 0.8 %

Shares of JBL opened at $145.02 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The stock has a market cap of $15.83 billion, a PE ratio of 13.90, a PEG ratio of 1.65 and a beta of 1.19. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The stock has a 50 day simple moving average of $155.96 and a 200-day simple moving average of $137.91.

Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same period in the prior year, the company posted $1.68 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, sell-side analysts predict that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil’s payout ratio is 3.07%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JBL. JPMorgan Chase & Co. raised their price target on shares of Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday. UBS Group lifted their target price on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a report on Friday. The Goldman Sachs Group lifted their price objective on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Jabil currently has an average rating of “Moderate Buy” and an average target price of $167.50.

Insider Activity

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the sale, the director now owns 119,108 shares of the company’s stock, valued at $18,021,040.40. This represents a 14.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the sale, the director now owns 5,900 shares of the company’s stock, valued at $1,018,045. The trade was a 89.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,400 shares of company stock worth $12,804,458. Insiders own 1.73% of the company’s stock.

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).