Xponance Inc. Reduces Position in Jabil Inc. (NYSE:JBL)

Xponance Inc. trimmed its position in Jabil Inc. (NYSE:JBL) by 3.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 24,498 shares of the technology company’s stock after selling 869 shares during the period. Xponance Inc.’s holdings in Jabil were worth $3,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amundi increased its position 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 acquiring an additional 340 shares during the period. CVA Family Office LLC purchased a new position in Jabil during the 4th quarter valued at about $36,000. Valley National Advisers Inc. bought a new position in Jabil during the 4th quarter valued at approximately $36,000. Zions Bancorporation N.A. bought a new position in Jabil during the 1st quarter valued at approximately $40,000. Finally, Natixis purchased a new stake in Jabil in the 4th quarter worth approximately $44,000. 93.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Kenneth S. Wilson sold 15,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the transaction, the chief executive officer now owns 339,725 shares in the company, valued at $45,591,095. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Chairman Mark T. Mondello sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the sale, the chairman now directly owns 1,809,194 shares of the company’s stock, valued at approximately $228,121,271.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kenneth S. Wilson sold 15,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the completion of the transaction, the chief executive officer now directly owns 339,725 shares of the company’s stock, valued at $45,591,095. The disclosure for this sale can be found here. Insiders sold 107,177 shares of company stock worth $13,678,039 in the last three months. 2.62% of the stock is owned by company insiders.

Jabil Price Performance

JBL stock opened at $118.75 on Monday. 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 0.72 and a current ratio of 1.17. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 1.26 and a beta of 1.40. The firm has a 50 day moving average price of $138.03 and a 200-day moving average price of $131.16.

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

Jabil Announces Dividend

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

Wall Street Analysts Forecast Growth

JBL has been the topic of several research analyst reports. The Goldman Sachs Group boosted their target price on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Barclays decreased their price objective on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a report 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 downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Two research 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, the stock currently has an average rating of “Moderate Buy” and an average 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).