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

Huntington National Bank lessened its holdings in Jabil Inc. (NYSE:JBL) by 55.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,424 shares of the technology company’s stock after selling 2,994 shares during the period. Huntington National Bank’s holdings in Jabil were worth $349,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of JBL. Wellington Management Group LLP increased its holdings in Jabil by 70,781.4% during the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock worth $835,876,000 after purchasing an additional 5,800,535 shares during the period. Geode Capital Management LLC increased its stake in shares of Jabil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,810,519 shares of the technology company’s stock worth $404,024,000 after buying an additional 34,574 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Jabil by 18.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company’s stock worth $270,187,000 after buying an additional 288,806 shares during the period. Norges Bank acquired a new stake in Jabil in the fourth quarter valued at approximately $218,430,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Jabil by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,045,213 shares of the technology company’s stock worth $150,406,000 after acquiring an additional 10,541 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Trading Down 5.2 %

NYSE:JBL opened at $117.13 on Friday. The company has a market capitalization of $12.79 billion, a PE ratio of 11.23, a P/E/G ratio of 1.65 and a beta of 1.12. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The stock’s 50 day moving average price is $150.60 and its 200 day moving average price is $140.24. 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 (NYSE:JBL) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The business had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.68 EPS. On average, research analysts anticipate that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 7.66%.

Insider Buying and Selling at Jabil

In other news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were 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 owns 119,108 shares in the company, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Plant sold 50,000 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the transaction, the director now owns 5,900 shares in the company, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,400 shares of company stock valued at $12,205,218 in the last ninety days. Insiders own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on JBL shares. Barclays raised their price objective on shares of Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, March 21st. UBS Group raised their price target on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. The Goldman Sachs Group increased their price objective on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. boosted their target price on Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $167.50.

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).