Jabil Inc. (NYSE:JBL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in shares of Jabil Inc. (NYSE:JBL) by 37.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 245,593 shares of the technology company’s stock after selling 147,225 shares during the quarter. Victory Capital Management Inc.’s holdings in Jabil were worth $31,289,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JBL. FMR LLC raised its position in Jabil by 15.9% in the third quarter. FMR LLC now owns 10,525,084 shares of the technology company’s stock valued at $1,335,528,000 after purchasing an additional 1,440,857 shares during the period. Wellington Management Group LLP lifted its position in Jabil by 0.7% in the third quarter. Wellington Management Group LLP now owns 5,392,355 shares of the technology company’s stock valued at $684,236,000 after buying an additional 36,560 shares during the last quarter. Northern Trust Corp boosted its stake in Jabil by 13.8% during the third quarter. Northern Trust Corp now owns 1,162,838 shares of the technology company’s stock worth $147,553,000 after buying an additional 141,383 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of Jabil during the third quarter valued at about $124,319,000. Finally, California Public Employees Retirement System raised its stake in shares of Jabil by 2.6% in the 4th quarter. California Public Employees Retirement System now owns 784,669 shares of the technology company’s stock valued at $99,967,000 after acquiring an additional 19,611 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JBL has been the subject of a number of research analyst reports. Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. The Goldman Sachs Group boosted their price objective on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Barclays dropped their target price on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, March 18th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $144.50.

Insider Buying and Selling

In other Jabil news, Chairman Mark T. Mondello sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total value of $6,304,500.00. Following the sale, the chairman now directly owns 1,809,194 shares in the company, valued at $228,121,271.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Jabil news, Chairman Mark T. Mondello sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total value of $6,304,500.00. Following the transaction, the chairman now directly owns 1,809,194 shares in the company, valued at $228,121,271.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $2,013,000.00. Following the sale, the chief executive officer now owns 339,725 shares of the company’s stock, valued at approximately $45,591,095. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,877 shares of company stock worth $9,824,383. Corporate insiders own 2.62% of the company’s stock.

Jabil Price Performance

Shares of NYSE JBL opened at $117.43 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. The company has a market cap of $14.16 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 1.25 and a beta of 1.42. The stock’s 50-day moving average is $132.87 and its two-hundred day moving average is $129.83. Jabil Inc. has a 1-year low of $77.22 and a 1-year high of $156.94.

Jabil (NYSE:JBL) last released its earnings results 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). The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. Analysts forecast that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.08 per share. 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 (DPR) is currently 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).