Jabil Inc. (NYSE:JBL) Shares Sold by Swiss National Bank

Swiss National Bank cut its position in shares of Jabil Inc. (NYSE:JBL) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 320,400 shares of the technology company’s stock after selling 16,300 shares during the quarter. Swiss National Bank owned 0.29% of Jabil worth $46,106,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JBL. Pacer Advisors Inc. raised its holdings in Jabil by 12,251.7% during the third quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock worth $264,391,000 after purchasing an additional 2,188,521 shares during the last quarter. Two Sigma Advisers LP raised its holdings in Jabil by 406.5% during the third quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock worth $86,613,000 after purchasing an additional 580,100 shares during the last quarter. FMR LLC raised its holdings in Jabil by 11.3% during the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after purchasing an additional 520,672 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Jabil during the fourth quarter worth $43,312,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Jabil by 595.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company’s stock worth $41,118,000 after purchasing an additional 293,801 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Jabil

In other news, Director Christopher S. Holland sold 3,400 shares of the company’s 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 owns 12,900 shares of the company’s stock, valued at $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the sale, the director now directly owns 119,108 shares of the company’s stock, valued at $18,021,040.40. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,400 shares of company stock valued at $12,804,458. Company insiders own 1.73% of the company’s stock.

Jabil Price Performance

Shares of NYSE:JBL opened at $136.07 on Monday. The company has a market cap of $14.86 billion, a P/E ratio of 13.05, a P/E/G ratio of 1.65 and a beta of 1.19. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The business has a fifty day simple moving average of $157.27 and a 200-day simple moving average of $137.21.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the previous year, the business earned $2.60 earnings per share. The business’s revenue for the quarter was down 16.6% on a year-over-year basis. Equities research analysts forecast that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Analysts Set New Price Targets

Several equities analysts have weighed in on JBL shares. Barclays raised their price target on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group raised their price target on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, UBS Group raised their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.83.

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).