Ethic Inc. Sells 3,340 Shares of Jabil Inc. (NYSE:JBL)

Ethic Inc. lessened its holdings in Jabil Inc. (NYSE:JBL) by 15.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,217 shares of the technology company’s stock after selling 3,340 shares during the period. Ethic Inc.’s holdings in Jabil were worth $2,621,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in JBL. Bleakley Financial Group LLC grew its holdings in Jabil by 2.2% during the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock valued at $471,000 after purchasing an additional 70 shares during the period. Greenleaf Trust lifted its position in shares of Jabil by 1.3% during the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock valued at $816,000 after buying an additional 72 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in shares of Jabil by 3.3% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock valued at $365,000 after acquiring an additional 80 shares during the period. Lifestyle Asset Management Inc. raised its stake in Jabil by 1.0% during the 4th quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company’s stock worth $1,384,000 after acquiring an additional 95 shares during the period. Finally, Savant Capital LLC raised its stake in Jabil by 1.9% during the 4th quarter. Savant Capital LLC now owns 5,332 shares of the technology company’s stock worth $767,000 after acquiring an additional 99 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analysts Set New Price Targets

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

Jabil Price Performance

Shares of Jabil stock opened at $153.97 on Monday. The firm has a market cap of $16.53 billion, a PE ratio of 14.76, a PEG ratio of 1.65 and a beta of 1.11. The stock has a 50 day moving average of $138.51 and a 200 day moving average of $144.02. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80.

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

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil’s payout ratio is 7.66%.

Insider Activity at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction on Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the transaction, the chairman now directly owns 1,730,192 shares of the company’s stock, valued at $227,624,059.52. The trade was a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.73% of the stock is owned by insiders.

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).