Nicola Wealth Management LTD. Sells 6,000 Shares of Jabil Inc. (NYSE:JBL)

Nicola Wealth Management LTD. decreased its position in Jabil Inc. (NYSE:JBL) by 15.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 33,500 shares of the technology company’s stock after selling 6,000 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Jabil were worth $4,821,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Jabil in the fourth quarter valued at about $27,000. Capital Performance Advisors LLP bought a new stake in shares of Jabil in the 3rd quarter valued at about $32,000. First Horizon Advisors Inc. increased its stake in shares of Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Jabil by 113.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock valued at $43,000 after acquiring an additional 158 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in Jabil during the fourth quarter valued at approximately $43,000. Institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

JBL has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Barclays upped their target price on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. The Goldman Sachs Group upped their target price on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.83.

Jabil Stock Down 5.6 %

Shares of JBL stock opened at $146.21 on Tuesday. The firm has a fifty day moving average of $158.96 and a 200-day moving average of $135.37. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The company has a market capitalization of $15.96 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 1.65 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 the consensus estimate of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the prior year, the firm earned $2.60 earnings per share. The firm’s revenue was down 16.6% compared to the same quarter last year. As a group, equities research analysts predict that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date is Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is currently 3.07%.

Insider Activity at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the sale, the executive vice president now 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John C. Plant sold 50,000 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the sale, the director now 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. Over the last 90 days, insiders sold 77,400 shares of company stock valued at $12,804,458. Corporate insiders own 1.73% of the company’s stock.

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).