Y Intercept Hong Kong Ltd Has $1.98 Million Stake in Jabil Inc. (NYSE:JBL)

Y Intercept Hong Kong Ltd decreased its stake in shares of Jabil Inc. (NYSE:JBL) by 81.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,781 shares of the technology company’s stock after selling 58,817 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Jabil were worth $1,983,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of JBL. Capital Performance Advisors LLP acquired a new stake in shares of Jabil during the 3rd quarter worth approximately $32,000. Brooklyn Investment Group acquired a new stake in shares of Jabil during the 3rd quarter worth approximately $39,000. First Horizon Advisors Inc. grew its position in shares of Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after buying an additional 130 shares during the period. GHP Investment Advisors Inc. acquired a new stake in shares of Jabil during the 4th quarter worth approximately $43,000. Finally, Cromwell Holdings LLC grew its position in shares of Jabil by 412.7% during the 4th quarter. Cromwell Holdings LLC now owns 364 shares of the technology company’s stock worth $52,000 after buying an additional 293 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Transactions at Jabil

In related news, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the sale, the director now owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the sale, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock worth $12,804,458 in the last ninety days. Company insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

JBL has been the subject of several research reports. The Goldman Sachs Group lifted their price target on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research report on Monday. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. UBS Group lifted their price target on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Barclays lifted their price target on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Jabil has an average rating of “Moderate Buy” and a consensus target price of $158.83.

Jabil Price Performance

Shares of NYSE:JBL opened at $157.38 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The stock’s fifty day simple moving average is $158.18 and its two-hundred day simple moving average is $133.98. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The stock has a market cap of $17.18 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23.

Jabil (NYSE:JBL) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.60 EPS. As a group, analysts forecast that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s payout ratio is 3.07%.

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).