Jabil Inc. (NYSE:JBL) Shares Sold by RFG Advisory LLC

RFG Advisory LLC trimmed its position in Jabil Inc. (NYSE:JBL) by 10.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,800 shares of the technology company’s stock after selling 216 shares during the period. RFG Advisory LLC’s holdings in Jabil were worth $229,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in Jabil during the 4th quarter valued at $3,733,000. Valley National Advisers Inc. bought a new stake in Jabil during the fourth quarter valued at about $36,000. Meeder Asset Management Inc. bought a new stake in Jabil during the fourth quarter valued at about $153,000. Ceredex Value Advisors LLC raised its position in shares of Jabil by 72,212.5% during the fourth quarter. Ceredex Value Advisors LLC now owns 289,250 shares of the technology company’s stock valued at $36,850,000 after buying an additional 288,850 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Jabil by 41.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 52,933 shares of the technology company’s stock worth $6,744,000 after purchasing an additional 15,585 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Insider Transactions at Jabil

In related news, SVP May Yee Yap sold 7,877 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the transaction, the senior vice president now owns 29,006 shares in the company, valued at approximately $4,050,687.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP May Yee Yap sold 7,877 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $139.65, for a total value of $1,100,023.05. Following the transaction, the senior vice president now owns 29,006 shares in the company, valued at approximately $4,050,687.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Gerald Creadon sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the transaction, the executive vice president now owns 65,434 shares in the company, valued at approximately $8,874,159.08. The disclosure for this sale can be found here. Insiders have sold 92,177 shares of company stock worth $11,665,039 in the last ninety days. Insiders own 2.62% of the company’s stock.

Jabil Trading Down 2.9 %

JBL opened at $134.07 on Friday. The firm’s fifty day simple moving average is $138.51 and its 200 day simple moving average is $130.95. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 1.08. Jabil Inc. has a 12 month low of $75.48 and a 12 month high of $156.94. The stock has a market capitalization of $16.17 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.47 and a beta of 1.40.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.01). Jabil had a return on equity of 39.47% and a net margin of 4.70%. The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.91 billion. As a group, research analysts anticipate that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. Jabil’s dividend payout ratio is presently 2.75%.

Wall Street Analysts Forecast Growth

JBL has been the subject of several recent research reports. Barclays dropped their price target on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, March 18th. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. The Goldman Sachs Group raised their price objective on shares of Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Argus lowered shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and an average target price of $144.50.

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).