Jabil Inc. (NYSE:JBL) Holdings Increased by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in Jabil Inc. (NYSE:JBL) by 195.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,060,799 shares of the technology company’s stock after acquiring an additional 702,199 shares during the period. AQR Capital Management LLC’s holdings in Jabil were worth $115,404,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Jabil by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company’s stock worth $1,919,948,000 after purchasing an additional 1,427,429 shares during the period. Primecap Management Co. CA lifted its holdings in shares of Jabil by 3.0% in the second quarter. Primecap Management Co. CA now owns 3,682,875 shares of the technology company’s stock valued at $400,660,000 after buying an additional 107,800 shares during the period. Dimensional Fund Advisors LP boosted its stake in Jabil by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,636,737 shares of the technology company’s stock valued at $178,058,000 after buying an additional 106,808 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Jabil by 29.0% during the second quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company’s stock valued at $150,463,000 after buying an additional 310,590 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Jabil during the second quarter worth about $78,660,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Up 11.7 %

Shares of NYSE:JBL opened at $126.65 on Friday. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. The company has a market cap of $14.37 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25. The firm has a 50 day simple moving average of $107.19 and a 200 day simple moving average of $116.90.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were given a $0.08 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. Jabil’s dividend payout ratio (DPR) is presently 2.91%.

Insider Activity

In related news, EVP Frederic E. Mccoy sold 1,250 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the sale, the executive vice president now directly owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the transaction, the executive vice president now owns 112,753 shares in the company, valued at approximately $13,126,704.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP May Yee Yap sold 4,274 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total transaction of $500,228.96. Following the sale, the senior vice president now owns 24,829 shares of the company’s stock, valued at $2,905,986.16. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on JBL. Stifel Nicolaus cut their price target on shares of Jabil from $135.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, September 17th. Bank of America cut their target price on shares of Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, June 21st. JPMorgan Chase & Co. decreased their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. UBS Group cut their price objective on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Finally, Barclays decreased their target price on Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Jabil presently has an average rating of “Moderate Buy” and a consensus price target of $139.88.

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).