Amundi Sells 16,565 Shares of Jabil Inc. (NYSE:JBL)

Amundi trimmed its position in Jabil Inc. (NYSE:JBL - Free Report) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,531 shares of the technology company's stock after selling 16,565 shares during the quarter. Amundi owned about 0.13% of Jabil worth $22,404,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Jabil during the 4th quarter worth $27,000. Brooklyn Investment Group bought a new position in shares of Jabil in the third quarter worth about $39,000. First Horizon Advisors Inc. lifted 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 worth $39,000 after purchasing an additional 130 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in Jabil in the 4th quarter valued at approximately $43,000. Finally, Smartleaf Asset Management LLC increased its position in Jabil by 113.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock worth $43,000 after buying an additional 158 shares during the period. 93.39% of the stock is owned by institutional investors.

Jabil Price Performance

NYSE:JBL traded up $5.56 on Friday, reaching $136.07. The stock had a trading volume of 1,223,824 shares, compared to its average volume of 1,304,154. The company has a market capitalization of $14.86 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. The stock has a fifty day moving average price of $157.27 and a 200-day moving average price of $136.79. 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 1-year low of $95.85 and a 1-year high of $174.80.

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Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping analysts' consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same period in the prior year, the company earned $2.60 EPS. Jabil's revenue for the quarter was down 16.6% on a year-over-year basis. Research analysts forecast 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 dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.24%. Jabil's dividend payout ratio (DPR) is 3.07%.

Wall Street Analyst Weigh In

JBL has been the topic of several research analyst reports. The Goldman Sachs Group boosted their target price on shares of Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Stifel Nicolaus reiterated a "buy" rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays boosted their price target on Jabil from $157.00 to $179.00 and gave the company an "overweight" rating in a research note on Friday, December 20th. StockNews.com downgraded shares of Jabil from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, UBS Group increased their price target on shares of Jabil from $128.00 to $152.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $158.83.

Insider Buying and Selling

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the transaction, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Frederic E. Mccoy sold 4,000 shares of the business's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the sale, the executive vice president now owns 138,472 shares of the company's stock, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock worth $12,804,458 in the last 90 days. Corporate insiders own 1.73% of the company's stock.

Jabil Company 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).