Crossmark Global Holdings Inc. Sells 22,506 Shares of Jabil Inc. (NYSE:JBL)

Crossmark Global Holdings Inc. lowered its stake in shares of Jabil Inc. (NYSE:JBLFree Report) by 78.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,185 shares of the technology company’s stock after selling 22,506 shares during the period. Crossmark Global Holdings Inc.’s holdings in Jabil were worth $788,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. HB Wealth Management LLC raised its position in Jabil by 3.9% during the fourth quarter. HB Wealth Management LLC now owns 2,183 shares of the technology company’s stock worth $278,000 after acquiring an additional 82 shares in the last quarter. Beacon Pointe Advisors LLC raised its holdings in shares of Jabil by 2.5% in the 4th quarter. Beacon Pointe Advisors LLC now owns 3,377 shares of the technology company’s stock valued at $430,000 after purchasing an additional 83 shares during the period. Mackenzie Financial Corp lifted its stake in Jabil by 0.9% in the 4th quarter. Mackenzie Financial Corp now owns 10,258 shares of the technology company’s stock valued at $1,307,000 after purchasing an additional 90 shares during the last quarter. Field & Main Bank increased its position in Jabil by 5.6% during the fourth quarter. Field & Main Bank now owns 1,875 shares of the technology company’s stock worth $239,000 after buying an additional 100 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Jabil by 0.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 52,685 shares of the technology company’s stock valued at $6,743,000 after buying an additional 157 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Buying and Selling

In other Jabil news, SVP May Yee Yap sold 7,877 shares of the company’s stock in a transaction on Monday, April 8th. The stock was 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 directly owns 29,006 shares in the company, valued at $4,050,687.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Gerald Creadon sold 3,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 65,434 shares in the company, valued at approximately $8,874,159.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction that occurred 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 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 75,877 shares of company stock worth $9,824,383. Corporate insiders own 2.62% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on JBL. Barclays reduced their target price on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday, March 18th. The Goldman Sachs Group increased their price objective on shares of Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Argus downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $144.50.

View Our Latest Analysis on Jabil

Jabil Trading Up 2.8 %

Shares of NYSE:JBL opened at $117.10 on Tuesday. The business’s 50 day simple moving average is $122.19 and its 200 day simple moving average is $128.18. Jabil Inc. has a 1 year low of $95.31 and a 1 year high of $156.94. 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 capitalization of $14.12 billion, a P/E ratio of 10.05, a P/E/G ratio of 1.41 and a beta of 1.35.

Jabil (NYSE:JBLGet Free Report) last released 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, research analysts anticipate that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Tuesday, May 14th. Jabil’s dividend payout ratio (DPR) is presently 2.75%.

About Jabil

(Free Report)

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).

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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