Public Employees Retirement Association of Colorado Lowers Holdings in Jabil Inc. (NYSE:JBL)

Public Employees Retirement Association of Colorado decreased its holdings in Jabil Inc. (NYSE:JBL) by 5.5% in the first quarter, HoldingsChannel.com reports. The firm owned 14,282 shares of the technology company’s stock after selling 836 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Jabil were worth $1,913,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Jabil by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 15,070,238 shares of the technology company’s stock valued at $1,919,948,000 after purchasing an additional 1,427,429 shares in the last quarter. Norges Bank purchased a new position in Jabil in the fourth quarter worth approximately $192,964,000. Artisan Partners Limited Partnership grew its position in Jabil by 36.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,339,559 shares of the technology company’s stock worth $170,660,000 after acquiring an additional 359,818 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Jabil by 29.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,111,281 shares of the technology company’s stock worth $141,577,000 after buying an additional 249,889 shares during the period. Finally, California Public Employees Retirement System boosted its position 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 buying an additional 19,611 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

Several research firms have recently commented on JBL. Barclays lowered their price target on Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Bank of America lowered their price target on Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, June 21st. JPMorgan Chase & Co. lowered their price target on Jabil from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday, June 17th. Finally, UBS Group reduced their price objective on Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $142.63.

Jabil Stock Performance

Shares of Jabil stock opened at $109.95 on Tuesday. The firm has a market cap of $12.47 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. Jabil Inc. has a 1 year low of $100.18 and a 1 year high of $156.94. The firm’s 50-day simple moving average is $114.90 and its 200-day simple moving average is $125.34. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, June 20th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.04. The business had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.53 billion. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The business’s revenue was down 20.2% on a year-over-year basis. During the same period last year, the firm posted $1.85 earnings per share. Equities analysts forecast that Jabil Inc. will post 7.86 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 15th will be issued a $0.08 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.32 annualized dividend and a yield of 0.29%. Jabil’s dividend payout ratio (DPR) is presently 2.91%.

Jabil Company 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).