Simplicity Solutions LLC Sells 974 Shares of Jabil Inc. (NYSE:JBL)

Simplicity Solutions LLC trimmed its holdings in Jabil Inc. (NYSE:JBL) by 36.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,722 shares of the technology company’s stock after selling 974 shares during the quarter. Simplicity Solutions LLC’s holdings in Jabil were worth $219,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in JBL. Amundi raised its holdings in shares of Jabil by 419.8% in the fourth quarter. Amundi now owns 421 shares of the technology company’s stock valued at $32,000 after buying an additional 340 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Jabil in the fourth quarter valued at about $36,000. Valley National Advisers Inc. bought a new position in shares of Jabil in the fourth quarter valued at about $36,000. Zions Bancorporation N.A. bought a new position in shares of Jabil in the first quarter valued at about $40,000. Finally, Natixis bought a new position in shares of Jabil in the fourth quarter valued at about $44,000. 93.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Barclays dropped their price objective on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a report on Monday, March 18th. The Goldman Sachs Group boosted their price objective on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Argus cut 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.50.

Insider Activity at Jabil

In related news, CEO Kenneth S. Wilson sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the transaction, the chief executive officer now directly owns 339,725 shares in the company, valued at approximately $45,591,095. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Kenneth S. Wilson sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the transaction, the chief executive officer now directly owns 339,725 shares in the company, valued at approximately $45,591,095. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David M. Stout sold 31,300 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $123.12, for a total value of $3,853,656.00. Following the completion of the transaction, the director now owns 67,300 shares of the company’s stock, valued at $8,285,976. The disclosure for this sale can be found here. In the last three months, insiders sold 107,177 shares of company stock worth $13,678,039. 2.62% of the stock is owned by company insiders.

Jabil Price Performance

Jabil stock opened at $118.75 on Monday. The firm has a market capitalization of $14.32 billion, a P/E ratio of 10.19, a PEG ratio of 1.26 and a beta of 1.40. Jabil Inc. has a 1 year low of $75.48 and a 1 year high of $156.94. The business has a 50-day moving average of $138.03 and a 200-day moving average of $131.16. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08.

Jabil (NYSE:JBL) last posted its earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.01). The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. On average, equities analysts anticipate that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Jabil’s dividend payout ratio is presently 2.75%.

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).