Jabil Inc. (NYSE:JBL) Shares Sold by Boston Partners

Boston Partners cut its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 591,308 shares of the technology company's stock after selling 60,896 shares during the period. Boston Partners owned 0.54% of Jabil worth $85,201,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. 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 position in Jabil by 1.3% during the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock worth $816,000 after purchasing an additional 72 shares during the last quarter. Resonant Capital Advisors LLC increased its position in Jabil by 3.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company's stock worth $365,000 after purchasing an additional 80 shares during the last quarter. Lifestyle Asset Management Inc. increased its position in Jabil by 1.0% during the fourth quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company's stock worth $1,384,000 after purchasing an additional 95 shares during the last quarter. Finally, Savant Capital LLC increased its position in Jabil by 1.9% during the fourth quarter. Savant Capital LLC now owns 5,332 shares of the technology company's stock worth $767,000 after purchasing an additional 99 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities research analysts recently issued reports on JBL shares. Stifel Nicolaus restated a "buy" rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. The Goldman Sachs Group increased their target price on shares of Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Barclays increased their target price on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research note on Friday. UBS Group increased their target price on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, JPMorgan Chase & Co. increased their target price on shares of Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $167.50.

Insider Activity

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The shares were 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 $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 77,400 shares of company stock valued at $12,804,458. 1.73% of the stock is currently owned by company insiders.

Jabil Stock Up 0.8 %

Shares of NYSE JBL traded up $1.19 during midday trading on Friday, hitting $145.02. The company's stock had a trading volume of 3,299,699 shares, compared to its average volume of 1,391,993. The business's fifty day simple moving average is $155.96 and its two-hundred day simple moving average is $138.15. 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 Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same quarter last year, the firm posted $1.68 earnings per share. The business's revenue for the quarter 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 firm 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 0.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil's payout ratio is 3.07%.

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).