Bank of Montreal Can Reduces Stock Holdings in Jabil Inc. (NYSE:JBL)

Bank of Montreal Can reduced its stake in Jabil Inc. (NYSE:JBL - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,647 shares of the technology company's stock after selling 5,249 shares during the quarter. Bank of Montreal Can owned approximately 0.12% of Jabil worth $18,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of JBL. Bleakley Financial Group LLC increased its position in Jabil by 2.2% during the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock worth $471,000 after purchasing an additional 70 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Jabil by 1.3% during the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock worth $816,000 after buying an additional 72 shares during the last quarter. Resonant Capital Advisors LLC increased its holdings 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 worth $365,000 after buying an additional 80 shares during the last quarter. Lifestyle Asset Management Inc. lifted its holdings in Jabil by 1.0% in the fourth quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company's stock valued at $1,384,000 after acquiring an additional 95 shares during the last quarter. Finally, Savant Capital LLC grew its position in Jabil by 1.9% in the fourth 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. 93.39% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities analysts have recently commented on JBL shares. JPMorgan Chase & Co. upped their price target on Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a research note on Friday, March 21st. UBS Group boosted their price target on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. 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 report on Friday, March 21st. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.00.

Insider Activity

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction that occurred 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 owns 1,730,192 shares in the company, valued at $227,624,059.52. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher S. Holland sold 3,400 shares of the 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 sale, the director now directly owns 12,900 shares in the company, valued at approximately $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,400 shares of company stock worth $11,810,418. 1.73% of the stock is currently owned by company insiders.

Jabil Stock Up 1.2 %

Shares of NYSE JBL traded up $1.61 during midday trading on Tuesday, hitting $135.47. The company's stock had a trading volume of 1,202,949 shares, compared to its average volume of 1,480,775. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The business's fifty day simple moving average is $145.46 and its two-hundred day simple moving average is $141.26. The firm has a market capitalization of $14.54 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Jabil (NYSE:JBL - Get Free Report) last issued 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. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. During the same quarter last year, the company posted $1.68 EPS. The firm's revenue was down .6% compared to the same quarter last year. On average, equities analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

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

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).