Jabil Inc. (NYSE:JBL) Holdings Reduced by Cerity Partners LLC

Cerity Partners LLC decreased its position in Jabil Inc. (NYSE:JBL) by 3.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 76,105 shares of the technology company’s stock after selling 2,763 shares during the period. Cerity Partners LLC’s holdings in Jabil were worth $9,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Custom Index Systems LLC bought a new position in Jabil in the 4th quarter worth about $214,000. Sequoia Financial Advisors LLC increased its stake in shares of Jabil by 29.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,855 shares of the technology company’s stock valued at $364,000 after acquiring an additional 658 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Jabil by 0.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 254,800 shares of the technology company’s stock valued at $32,462,000 after acquiring an additional 2,167 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Jabil during the fourth quarter valued at approximately $3,733,000. Finally, Valley National Advisers Inc. acquired a new position in shares of Jabil during the fourth quarter valued at approximately $36,000. Institutional investors own 93.39% of the company’s stock.

Jabil Trading Down 2.9 %

Jabil stock opened at $134.07 on Monday. The company has a 50 day moving average price of $138.51 and a 200 day moving average price of $131.13. Jabil Inc. has a 52 week low of $75.48 and a 52 week high of $156.94. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.73 and a current ratio of 1.17. The firm has a market capitalization of $16.17 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.43 and a beta of 1.40.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). Jabil had a return on equity of 39.47% and a net margin of 4.70%. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.91 billion. Research analysts forecast that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Announces Dividend

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

Insider Buying and Selling

In other Jabil news, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction on Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the sale, the senior vice president now owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Jabil news, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction on Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the sale, the senior vice president now owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Gerald Creadon sold 3,000 shares of Jabil stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total transaction of $406,860.00. Following the sale, the executive vice president now directly owns 65,434 shares of the company’s stock, valued at approximately $8,874,159.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,177 shares of company stock valued at $11,665,039. Company insiders own 2.62% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. 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. Barclays lowered their price objective on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, March 18th. Argus lowered shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.50.

Jabil 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).