Aster Capital Management DIFC Ltd Sells 2,614 Shares of Jabil Inc. (NYSE:JBL)

Aster Capital Management DIFC Ltd reduced its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 20.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,970 shares of the technology company's stock after selling 2,614 shares during the period. Aster Capital Management DIFC Ltd's holdings in Jabil were worth $1,435,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in Jabil during the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Jabil in the 4th quarter worth about $29,000. Millstone Evans Group LLC bought a new position in Jabil during the 4th quarter valued at about $37,000. First Horizon Advisors Inc. boosted its position in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after buying an additional 130 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in Jabil in the fourth quarter valued at about $43,000. Institutional investors own 93.39% of the company's stock.

Jabil Trading Up 0.6 %

JBL stock traded up $0.74 during midday trading on Friday, reaching $132.78. The stock had a trading volume of 517,931 shares, compared to its average volume of 1,473,954. 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 firm has a market cap of $14.50 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 1.65 and a beta of 1.12. The business has a fifty day simple moving average of $146.65 and a two-hundred day simple moving average of $140.95.

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Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.11. The firm had revenue of $6.73 billion for the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm earned $1.68 earnings per share. As a group, research analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued 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 of this dividend was Tuesday, February 18th. Jabil's dividend payout ratio (DPR) is currently 7.66%.

Insider Transactions at Jabil

In other news, Director John C. Plant sold 50,000 shares of the business's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the transaction, the director now owns 5,900 shares of the company's stock, valued at $1,018,045. The trade was a 89.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the sale, the director now directly owns 12,900 shares in the company, valued at $2,093,283. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

JBL has been the subject of a number of research analyst reports. Barclays lifted their target price on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a research report on Friday, March 21st. Stifel Nicolaus reiterated a "buy" rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. UBS Group raised their price objective on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, The Goldman Sachs Group reduced their target price on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $162.00.

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).