Richard P Slaughter Associates Inc Sells 207 Shares of Jabil Inc. (NYSE:JBL)

Richard P Slaughter Associates Inc lessened its position in shares of Jabil Inc. (NYSE:JBL) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,417 shares of the technology company’s stock after selling 207 shares during the period. Richard P Slaughter Associates Inc’s holdings in Jabil were worth $2,506,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in Jabil during the third quarter valued at about $32,000. Brooklyn Investment Group bought a new stake in shares of Jabil in the third quarter valued at approximately $39,000. Matrix Trust Co lifted its stake in shares of Jabil by 135.4% during the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after buying an additional 214 shares in the last quarter. 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, Sound Income Strategies LLC boosted its holdings in Jabil by 945.7% in the 3rd quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock worth $58,000 after buying an additional 435 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the transaction, the director now directly owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the transaction, the senior vice president now owns 41,507 shares of the company’s stock, valued at $5,051,816.97. This trade represents a 22.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,689 shares of company stock valued at $8,527,871 over the last ninety days. 1.73% of the stock is owned by insiders.

Jabil Price Performance

JBL opened at $155.90 on Wednesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. The stock’s 50 day simple moving average is $138.75 and its 200 day simple moving average is $121.92. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.58 and a beta of 1.23. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $156.94.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. The company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.60 earnings per share. As a group, analysts predict that Jabil Inc. will post 7.89 earnings per share for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.21%. Jabil’s dividend payout ratio is currently 3.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on JBL shares. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research report on Monday. The Goldman Sachs Group increased their price objective on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Bank of America lifted their target price on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. Barclays upped their price target on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Finally, UBS Group boosted their price objective 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Jabil presently has an average rating of “Moderate Buy” and a consensus price target of $153.17.

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).