Baird Financial Group Inc. Purchases 208 Shares of Jabil Inc. (NYSE:JBL)

Baird Financial Group Inc. raised its position in Jabil Inc. (NYSE:JBL) by 0.5% in the 4th quarter, Holdings Channel reports. The firm owned 40,462 shares of the technology company’s stock after buying an additional 208 shares during the period. Baird Financial Group Inc.’s holdings in Jabil were worth $5,822,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its holdings in Jabil by 33.5% during the third quarter. Barclays PLC now owns 327,969 shares of the technology company’s stock worth $39,300,000 after acquiring an additional 82,312 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Jabil by 13.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,039 shares of the technology company’s stock valued at $2,164,000 after purchasing an additional 1,760 shares in the last quarter. CCM Investment Advisers LLC grew its position in shares of Jabil by 0.7% in the 4th quarter. CCM Investment Advisers LLC now owns 164,665 shares of the technology company’s stock valued at $23,695,000 after purchasing an additional 1,201 shares during the period. West Oak Capital LLC increased its stake in Jabil by 640.0% during the 4th quarter. West Oak Capital LLC now owns 1,295 shares of the technology company’s stock worth $186,000 after purchasing an additional 1,120 shares in the last quarter. Finally, Czech National Bank raised its holdings in Jabil by 5.9% during the 4th quarter. Czech National Bank now owns 24,467 shares of the technology company’s stock worth $3,521,000 after buying an additional 1,358 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Stock Performance

Shares of NYSE JBL opened at $153.97 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The stock has a 50 day moving average price of $138.51 and a 200 day moving average price of $143.74. The stock has a market capitalization of $16.53 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80.

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

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be issued a $0.08 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.21%. Jabil’s payout ratio is 7.66%.

Insider Activity at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the sale, the chairman now directly owns 1,730,192 shares of the company’s stock, valued at $227,624,059.52. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a report on Friday, April 18th. The Goldman Sachs Group cut their price target on Jabil from $175.00 to $146.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. UBS Group increased their price objective on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, Barclays boosted their target price on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Jabil presently has an average rating of “Moderate Buy” and a consensus price target of $158.50.

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).