AQR Capital Management LLC Sells 8,203 Shares of Jabil Inc. (NYSE:JBL)

AQR Capital Management LLC cut its position in shares of Jabil Inc. (NYSE:JBL) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 958,165 shares of the technology company’s stock after selling 8,203 shares during the quarter. AQR Capital Management LLC owned approximately 0.88% of Jabil worth $137,880,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of Jabil in the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in Jabil in the 4th quarter valued at $29,000. Millstone Evans Group LLC bought a new position in Jabil in the 4th quarter valued at $37,000. First Horizon Advisors Inc. increased 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 valued at $39,000 after purchasing an additional 130 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Jabil by 113.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock worth $43,000 after purchasing an additional 158 shares during the period. 93.39% of the stock is owned by institutional investors.

Insider Transactions at Jabil

In other news, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction on Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction 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. The trade was a 20.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the transaction, the chairman now directly owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. 1.73% of the stock is owned by insiders.

Jabil Trading Up 0.3 %

Shares of JBL opened at $146.79 on Wednesday. The business’s 50-day moving average price is $139.07 and its 200-day moving average price is $142.44. 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 twelve month low of $95.85 and a twelve month high of $174.80. The stock has a market cap of $15.76 billion, a PE ratio of 14.07, a P/E/G ratio of 1.65 and a beta of 1.12.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.68 EPS. On average, equities analysts forecast that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. Jabil’s dividend payout ratio (DPR) is presently 7.66%.

Analyst Ratings Changes

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

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).