Jabil Inc. (NYSE:JBL) Position Reduced by Bleakley Financial Group LLC

Bleakley Financial Group LLC trimmed its stake in shares of Jabil Inc. (NYSE:JBL) by 36.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,722 shares of the technology company’s stock after selling 974 shares during the quarter. Bleakley Financial Group LLC’s holdings in Jabil were worth $219,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in Jabil during the 4th quarter valued at $36,000. Hanseatic Management Services Inc. acquired a new stake in shares of Jabil during the third quarter worth $48,000. Ceredex Value Advisors LLC acquired a new stake in shares of Jabil during the third quarter worth $51,000. Allworth Financial LP raised its holdings in shares of Jabil by 745.8% during the fourth quarter. Allworth Financial LP now owns 406 shares of the technology company’s stock worth $52,000 after purchasing an additional 358 shares during the period. Finally, Amundi raised its holdings in shares of Jabil by 419.8% during the fourth quarter. Amundi now owns 421 shares of the technology company’s stock worth $32,000 after purchasing an additional 340 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Jabil

In other Jabil news, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Jabil news, Director David M. Stout sold 31,300 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the transaction, the director now owns 67,300 shares of the company’s stock, valued at approximately $8,285,976. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 29,006 shares in the company, valued at approximately $4,050,687.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,177 shares of company stock valued at $11,665,039. Company insiders own 2.62% of the company’s stock.

Jabil Stock Down 0.5 %

JBL stock opened at $131.99 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. Jabil Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $156.94. The firm’s 50-day simple moving average is $138.61 and its 200 day simple moving average is $131.22. The stock has a market cap of $15.92 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 1.43 and a beta of 1.40.

Jabil (NYSE:JBL) last released its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share 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. As a group, sell-side analysts predict that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders 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 yield of 0.24%. Jabil’s payout ratio is 2.75%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on JBL shares. Barclays dropped their target price on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a report on Monday, March 18th. Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. The Goldman Sachs Group increased their target price on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a 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 company’s stock. According to MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and a consensus price target of $144.50.

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).