Teachers Retirement System of The State of Kentucky Decreases Holdings in Jabil Inc. (NYSE:JBL)

Teachers Retirement System of The State of Kentucky cut its position in shares of Jabil Inc. (NYSE:JBL) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 364,449 shares of the technology company’s stock after selling 3,193 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Jabil were worth $52,445,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JBL. Mirabella Financial Services LLP acquired a new position in shares of Jabil during the 4th quarter worth $1,992,000. MML Investors Services LLC lifted its holdings in shares of Jabil by 147.0% in the fourth quarter. MML Investors Services LLC now owns 13,651 shares of the technology company’s stock valued at $1,964,000 after purchasing an additional 8,125 shares in the last quarter. Mesirow Institutional Investment Management Inc. acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $2,926,000. MetLife Investment Management LLC increased its stake in shares of Jabil by 1.2% during the 4th quarter. MetLife Investment Management LLC now owns 30,222 shares of the technology company’s stock worth $4,349,000 after purchasing an additional 367 shares in the last quarter. Finally, Norinchukin Bank The raised its position in shares of Jabil by 8.4% during the 4th quarter. Norinchukin Bank The now owns 5,040 shares of the technology company’s stock worth $725,000 after purchasing an additional 391 shares during the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. UBS Group raised their price objective on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. The Goldman Sachs Group dropped their price objective on shares of Jabil from $175.00 to $146.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. lowered their target price on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a report on Thursday. Barclays lifted their price target on shares of Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, March 21st. Finally, StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $158.50.

Jabil Stock Performance

Shares of NYSE JBL opened at $134.97 on Friday. The stock has a market capitalization of $14.49 billion, a P/E ratio of 12.94, a P/E/G ratio of 1.65 and a beta of 1.12. The firm’s 50-day moving average price is $142.95 and its two-hundred day moving average price is $141.54. 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.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $1.68 earnings per share. As a group, sell-side analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil’s dividend payout ratio is currently 7.66%.

Insider Buying and Selling at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of the company’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the sale, the chairman now owns 1,730,192 shares in the company, valued at $227,624,059.52. This represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,400 shares of company stock valued at $11,810,418 in the last quarter. Corporate insiders own 1.73% of the company’s stock.

Jabil 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).