Jabil Inc. (NYSE:JBL) Stock Holdings Decreased by Tobam

Tobam lessened its position in Jabil Inc. (NYSE:JBL) by 65.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,770 shares of the technology company’s stock after selling 27,668 shares during the quarter. Tobam’s holdings in Jabil were worth $2,125,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBL. Pacer Advisors Inc. boosted its position in Jabil by 12,251.7% during the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock worth $264,391,000 after acquiring an additional 2,188,521 shares during the period. Two Sigma Advisers LP lifted its position in shares of Jabil by 406.5% in the third quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock worth $86,613,000 after purchasing an additional 580,100 shares in the last quarter. FMR LLC boosted its holdings in shares of Jabil by 11.3% during the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after purchasing an additional 520,672 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in Jabil by 595.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company’s stock valued at $41,118,000 after purchasing an additional 293,801 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC increased its stake in Jabil by 29.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 574,938 shares of the technology company’s stock valued at $68,895,000 after buying an additional 129,400 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Buying and Selling

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. This represents a 2.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the sale, the director now owns 12,900 shares in the company, valued at $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,400 shares of company stock valued at $12,804,458. Insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. UBS Group boosted their price target on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Stifel Nicolaus restated 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. The Goldman Sachs Group raised their price target on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Barclays increased their price objective on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Finally, StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research note 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $153.17.

Jabil Stock Up 1.2 %

JBL opened at $165.65 on Friday. The firm has a market cap of $18.09 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 1.61 and a beta of 1.23. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The business has a 50 day moving average price of $150.04 and a 200 day moving average price of $128.22. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80.

Jabil (NYSE:JBL) last posted 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 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 earned $2.60 EPS. Jabil’s quarterly revenue was down 16.6% compared to the same quarter last year. Research analysts forecast that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

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