Capital Analysts LLC Sells 144 Shares of Jabil Inc. (NYSE:JBL)

Capital Analysts LLC reduced its stake in Jabil Inc. (NYSE:JBL) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 822 shares of the technology company’s stock after selling 144 shares during the quarter. Capital Analysts LLC’s holdings in Jabil were worth $105,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. HB Wealth Management LLC raised its holdings in Jabil by 3.9% in the 4th quarter. HB Wealth Management LLC now owns 2,183 shares of the technology company’s stock valued at $278,000 after acquiring an additional 82 shares during the period. Signaturefd LLC raised its holdings in Jabil by 1.3% in the 3rd quarter. Signaturefd LLC now owns 6,761 shares of the technology company’s stock valued at $858,000 after acquiring an additional 86 shares during the period. Mackenzie Financial Corp raised its holdings 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 acquiring an additional 90 shares during the period. IFP Advisors Inc raised its holdings in Jabil by 2.0% in the 3rd quarter. IFP Advisors Inc now owns 4,608 shares of the technology company’s stock valued at $585,000 after acquiring an additional 92 shares during the period. Finally, Fifth Third Bancorp raised its holdings in Jabil by 3.2% in the 3rd quarter. Fifth Third Bancorp now owns 3,836 shares of the technology company’s stock valued at $487,000 after acquiring an additional 120 shares during the period. 93.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JBL has been the topic of several research analyst reports. The Goldman Sachs Group increased their price target on shares of Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a report on Monday, March 4th. Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Finally, Barclays lowered their target price on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a report on Monday, March 18th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.50.

Insider Buying and Selling at Jabil

In other Jabil news, Director David M. Stout sold 31,300 shares of the firm’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 sale, the director now owns 67,300 shares in the company, valued at $8,285,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 29,006 shares of the company’s stock, valued at $4,050,687.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David M. Stout sold 31,300 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the transaction, the director now directly owns 67,300 shares of the company’s stock, valued at approximately $8,285,976. The disclosure for this sale can be found here. Insiders have sold 107,177 shares of company stock worth $13,678,039 over the last quarter. Corporate insiders own 2.62% of the company’s stock.

Jabil Stock Performance

NYSE JBL opened at $129.59 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $15.63 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 1.38 and a beta of 1.40. The firm’s 50 day simple moving average is $138.45 and its 200 day simple moving average is $131.19. Jabil Inc. has a 1 year low of $75.48 and a 1 year high of $156.94.

Jabil (NYSE:JBL) last posted its quarterly 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 firm 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%. As a group, research analysts expect that Jabil Inc. will post 7.83 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be given a $0.08 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. Jabil’s dividend payout ratio is currently 2.75%.

Jabil Company 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).