Yousif Capital Management LLC Sells 607 Shares of Jabil Inc. (NYSE:JBL)

Yousif Capital Management LLC trimmed its position in Jabil Inc. (NYSE:JBL) by 4.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,706 shares of the technology company’s stock after selling 607 shares during the period. Yousif Capital Management LLC’s holdings in Jabil were worth $2,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Jabil in the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Jabil during the 4th quarter worth approximately $29,000. Harbor Capital Advisors Inc. increased its position in Jabil by 110.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock valued at $30,000 after acquiring an additional 116 shares during the period. Millstone Evans Group LLC purchased a new stake in Jabil in the 4th quarter valued at approximately $37,000. Finally, First Horizon Advisors Inc. increased its holdings in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after buying an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on JBL shares. The Goldman Sachs Group upped their target price on Jabil from $165.00 to $188.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Wall Street Zen raised Jabil from a “hold” rating to a “buy” rating in a report on Monday, May 19th. JPMorgan Chase & Co. decreased their price target on Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. UBS Group lifted their price target on shares of Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Finally, Barclays increased their price objective on Jabil from $184.00 to $206.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 10th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $169.17.

Insider Transactions at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $131.56, for a total value of $2,631,200.00. Following the sale, the chairman now directly owns 1,730,192 shares in the company, valued at $227,624,059.52. This trade represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Dastoor sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total value of $1,699,000.00. Following the transaction, the chief executive officer now directly owns 221,693 shares in the company, valued at $37,665,640.70. This trade represents a 4.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $7,665,200 in the last quarter. 1.73% of the stock is owned by company insiders.

Jabil Stock Performance

JBL opened at $175.77 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock’s 50 day moving average price is $155.54 and its two-hundred day moving average price is $151.00. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $180.16. The firm has a market capitalization of $18.87 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 1.65 and a beta of 1.14.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 EPS. On average, equities analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend was Thursday, May 15th. Jabil’s dividend payout ratio is 7.66%.

About Jabil

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).