Ifrah Financial Services Inc. Sells 121 Shares of Jabil Inc. (NYSE:JBL)

Ifrah Financial Services Inc. decreased its holdings in Jabil Inc. (NYSE:JBL) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,972 shares of the technology company’s stock after selling 121 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Jabil were worth $715,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in Jabil during the third quarter valued at $32,000. GHP Investment Advisors Inc. bought a new stake in Jabil during the fourth quarter valued at $43,000. Brooklyn Investment Group bought a new stake in Jabil during the third quarter valued at $39,000. Allworth Financial LP boosted its position in Jabil by 38.9% during the fourth quarter. Allworth Financial LP now owns 432 shares of the technology company’s stock valued at $62,000 after acquiring an additional 121 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Jabil by 30.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock valued at $67,000 after acquiring an additional 109 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the sale, the director now directly owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. This represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock valued at $12,804,458 in the last three months. Company insiders own 1.73% of the company’s stock.

Jabil Trading Up 0.6 %

JBL opened at $169.60 on Monday. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The company’s 50-day moving average is $153.88 and its 200 day moving average is $130.85. The firm has a market capitalization of $18.52 billion, a PE ratio of 16.26, a P/E/G ratio of 1.64 and a beta of 1.23.

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

Jabil Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s dividend payout ratio is currently 3.07%.

About Jabil

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).