Jabil Inc. (NYSE:JBL) Shares Sold by Capital Fund Management S.A.

Capital Fund Management S.A. trimmed its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,260 shares of the technology company's stock after selling 5,716 shares during the quarter. Capital Fund Management S.A. owned 0.19% of Jabil worth $30,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Jabil during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Jabil during the 4th quarter valued at approximately $29,000. Millstone Evans Group LLC purchased a new stake in Jabil during the 4th quarter valued at approximately $37,000. First Horizon Advisors Inc. raised its position in shares of Jabil by 90.3% during 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 during the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Jabil in the fourth quarter worth $43,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 12,900 shares of the company's stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the transaction, the director now owns 5,900 shares in the company, valued at approximately $1,018,045. This represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by company insiders.

Remove Ads

Jabil Stock Performance

Shares of NYSE JBL traded up $1.47 during midday trading on Tuesday, reaching $135.33. The company had a trading volume of 351,853 shares, compared to its average volume of 1,477,455. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The business's 50-day simple moving average is $145.46 and its 200 day simple moving average is $141.26. 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 stock has a market cap of $14.53 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.65 and a beta of 1.12.

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

Jabil Dividend Announcement

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

Wall Street Analysts Forecast Growth

JBL has been the subject of several research analyst reports. UBS Group raised their price target on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. boosted their price target on shares of Jabil from $172.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. StockNews.com upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research report on Friday, March 21st. The Goldman Sachs Group decreased 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, April 10th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $160.00 price target (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 given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $162.00.

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).