CENTRAL TRUST Co Sells 555 Shares of Jabil Inc. (NYSE:JBL)

CENTRAL TRUST Co decreased its holdings in shares of Jabil Inc. (NYSE:JBL) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,649 shares of the technology company’s stock after selling 555 shares during the period. CENTRAL TRUST Co’s holdings in Jabil were worth $1,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Jabil during the 3rd quarter valued at $32,000. Brooklyn Investment Group bought a new position in Jabil in the 3rd quarter worth $39,000. Matrix Trust Co boosted its holdings in Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after buying an additional 214 shares during the period. Armstrong Advisory Group Inc. boosted its holdings in Jabil by 114.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after buying an additional 228 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Jabil by 30.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock worth $67,000 after buying an additional 109 shares during the period. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Down 1.8 %

Shares of JBL stock opened at $159.43 on Tuesday. The stock has a market cap of $17.41 billion, a P/E ratio of 15.29, a PEG ratio of 1.61 and a beta of 1.23. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company’s fifty day simple moving average is $148.20 and its two-hundred day simple moving average is $127.35.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.12. The firm had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business’s revenue was down 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.60 EPS. Analysts predict that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Tuesday, February 18th. Jabil’s dividend payout ratio is 3.07%.

Insider Activity

In related news, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the sale, the director now directly owns 12,900 shares of the company’s stock, valued at $2,093,283. This represents a 20.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the sale, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. The Goldman Sachs Group upped their target price on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. UBS Group upped their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Finally, Barclays boosted their price target on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $153.17.

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).