J. Safra Sarasin Holding AG Sells 1,040 Shares of Jabil Inc. (NYSE:JBL)

J. Safra Sarasin Holding AG cut its holdings in shares of Jabil Inc. (NYSE:JBL) by 7.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,090 shares of the technology company’s stock after selling 1,040 shares during the period. J. Safra Sarasin Holding AG’s holdings in Jabil were worth $1,740,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JBL. Meyer Handelman Co. purchased a new stake in shares of Jabil during the 4th quarter worth $7,334,000. Davis Investment Partners LLC bought a new position in Jabil in the fourth quarter worth about $1,433,000. Truist Financial Corp lifted its position in shares of Jabil by 50.4% during the fourth quarter. Truist Financial Corp now owns 12,037 shares of the technology company’s stock valued at $1,732,000 after buying an additional 4,034 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Jabil in the 4th quarter valued at about $235,000. Finally, Keybank National Association OH purchased a new position in shares of Jabil in the 4th quarter worth approximately $214,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jabil

In other news, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John C. Plant sold 50,000 shares of the business’s stock in a transaction that occurred on 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 owns 5,900 shares in the company, valued at approximately $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,400 shares of company stock valued at $11,810,418 over the last ninety days. Corporate insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on JBL. The Goldman Sachs Group cut their price target on shares of Jabil from $175.00 to $146.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Barclays upped their target price on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research note on Friday, April 18th. JPMorgan Chase & Co. decreased their price objective on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, UBS Group boosted their target price on shares of Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and an average price target of $158.50.

Jabil Trading Up 2.6 %

Shares of Jabil stock opened at $133.18 on Wednesday. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The stock has a market cap of $14.30 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The firm has a fifty day moving average price of $141.46 and a 200 day moving average price of $141.69.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The company’s revenue was down .6% compared to the same quarter last year. Equities research analysts predict that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be 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 is Thursday, May 15th. Jabil’s dividend payout ratio is presently 7.66%.

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).