Aviva PLC Trims Stock Position in Jabil Inc. (NYSE:JBL)

Aviva PLC cut its position in Jabil Inc. (NYSE:JBL - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,348 shares of the technology company's stock after selling 16,354 shares during the quarter. Aviva PLC owned approximately 0.06% of Jabil worth $9,260,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. acquired a new position in shares of Jabil in the 4th quarter valued at $4,710,000. Wells Fargo & Company MN raised its holdings in shares of Jabil by 92.9% in the fourth quarter. Wells Fargo & Company MN now owns 130,424 shares of the technology company's stock valued at $18,768,000 after buying an additional 62,795 shares during the last quarter. Islay Capital Management LLC acquired a new stake in shares of Jabil during the fourth quarter worth about $831,000. Atlas Capital Advisors Inc. grew its holdings in shares of Jabil by 1.0% during the fourth quarter. Atlas Capital Advisors Inc. now owns 10,463 shares of the technology company's stock worth $1,506,000 after buying an additional 105 shares during the last quarter. Finally, Pitcairn Co. raised its stake in Jabil by 10.0% during the 4th quarter. Pitcairn Co. now owns 11,379 shares of the technology company's stock valued at $1,637,000 after acquiring an additional 1,035 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Price Performance

Shares of NYSE:JBL traded up $3.82 during trading on Monday, hitting $135.76. 236,537 shares of the stock were exchanged, compared to its average volume of 1,478,240. The company has a market cap of $14.57 billion, a PE ratio of 13.02, a P/E/G ratio of 1.65 and a beta of 1.12. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The company has a fifty day moving average price of $146.05 and a two-hundred day moving average price of $141.18. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80.

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

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. Jabil's dividend payout ratio is presently 7.66%.

Analyst Ratings Changes

JBL has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Stifel Nicolaus restated 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. StockNews.com upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research note on Friday, March 21st. 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, Barclays boosted their target price on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Jabil currently has a consensus rating of "Moderate Buy" and an average target price of $162.00.

Insider Transactions at Jabil

In other Jabil news, Director John C. Plant sold 50,000 shares of the firm's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the sale, the director now directly owns 5,900 shares of the company's stock, valued at $1,018,045. This trade represents a 89.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher S. Holland sold 3,400 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 12,900 shares of the company's stock, valued at approximately $2,093,283. This represents 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.

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).