Cozad Asset Management Inc. Lowers Position in Jabil Inc. (NYSE:JBL)

Cozad Asset Management Inc. decreased its position in Jabil Inc. (NYSE:JBL - Free Report) by 39.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,030 shares of the technology company's stock after selling 18,611 shares during the quarter. Cozad Asset Management Inc.'s holdings in Jabil were worth $3,479,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC bought a new position in shares of Jabil in the first quarter worth $29,000. HHM Wealth Advisors LLC bought a new position in Jabil in the 2nd quarter valued at about $28,000. Innealta Capital LLC acquired a new position in shares of Jabil in the 2nd quarter valued at approximately $31,000. Family Firm Inc. bought a new stake in shares of Jabil during the 2nd quarter worth approximately $37,000. Finally, Matrix Trust Co boosted its position in shares of Jabil by 135.4% during the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company's stock worth $45,000 after acquiring an additional 214 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JBL. Bank of America upped their target price on Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. JPMorgan Chase & Co. reduced their price objective on Jabil from $137.00 to $133.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 3rd. Barclays boosted their target price on Jabil from $135.00 to $157.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. Finally, Stifel Nicolaus boosted their target price on Jabil from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Jabil presently has a consensus rating of "Moderate Buy" and a consensus price target of $143.50.

Insider Activity at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total transaction of $474,800.00. Following the transaction, the executive vice president now directly owns 108,753 shares in the company, valued at approximately $12,908,981.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the transaction, the executive vice president now directly owns 108,753 shares in the company, valued at $12,908,981.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Francis Mckay sold 11,755 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the transaction, the senior vice president now owns 41,507 shares in the company, valued at approximately $5,051,816.97. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,689 shares of company stock worth $5,377,431 over the last ninety days. Insiders own 2.62% of the company's stock.

Jabil Price Performance

NYSE JBL traded up $0.23 during trading on Thursday, hitting $138.00. 362,840 shares of the company's stock were exchanged, compared to its average volume of 1,456,825. The stock's 50 day moving average price is $117.39 and its two-hundred day moving average price is $114.71. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The company has a market cap of $15.57 billion, a PE ratio of 12.50, a P/E/G ratio of 1.50 and a beta of 1.24.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.08. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter in the prior year, the firm posted $2.34 earnings per share. The firm's revenue was down 17.7% compared to the same quarter last year. Research analysts expect that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.23%. The ex-dividend date is Friday, November 15th. Jabil's payout ratio is presently 2.90%.

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).