Mather Group LLC. Trims Holdings in Jabil Inc. (NYSE:JBL)

Mather Group LLC. reduced its stake in shares of Jabil Inc. (NYSE:JBL) by 20.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,315 shares of the technology company’s stock after selling 339 shares during the quarter. Mather Group LLC.’s holdings in Jabil were worth $189,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. One Wealth Advisors LLC purchased a new stake in Jabil in the 4th quarter valued at about $265,000. Resonant Capital Advisors LLC boosted its holdings in shares of Jabil by 3.3% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock valued at $365,000 after purchasing an additional 80 shares during the period. Greenleaf Trust grew its stake in Jabil by 1.3% in the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock worth $816,000 after purchasing an additional 72 shares in the last quarter. SYM FINANCIAL Corp increased its holdings in Jabil by 19.2% during the 4th quarter. SYM FINANCIAL Corp now owns 4,083 shares of the technology company’s stock worth $588,000 after purchasing an additional 657 shares during the period. Finally, DAVENPORT & Co LLC bought a new stake in Jabil during the 4th quarter valued at $236,000. 93.39% of the stock is currently owned by institutional investors.

Jabil Trading Up 1.2 %

NYSE JBL opened at $165.65 on Friday. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The company has a 50 day moving average price of $150.04 and a 200 day moving average price of $128.22. 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 firm has a market cap of $18.09 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.61 and a beta of 1.23.

Jabil (NYSE:JBL) last issued its quarterly earnings results 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. The business had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.60 earnings per share. As a group, sell-side analysts forecast that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s dividend payout ratio is presently 3.07%.

Analysts Set New Price Targets

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

Insider Transactions at Jabil

In related news, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the sale, the director now directly owns 12,900 shares in the company, valued at $2,093,283. This trade represents a 20.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 5,900 shares in the company, valued at $1,018,045. The trade was a 89.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,400 shares of company stock worth $12,804,458. Insiders own 1.73% of the company’s stock.

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).