Dimensional Fund Advisors LP Reduces Stock Position in Jabil Inc. (NYSE:JBL)

Dimensional Fund Advisors LP trimmed its position in Jabil Inc. (NYSE:JBL - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,636,685 shares of the technology company's stock after selling 36,914 shares during the period. Dimensional Fund Advisors LP owned 1.50% of Jabil worth $235,525,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in JBL. Wellington Management Group LLP raised its position in shares of Jabil by 70,781.4% during the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock valued at $835,876,000 after buying an additional 5,800,535 shares in the last quarter. Norges Bank bought a new stake in Jabil during the fourth quarter worth about $218,430,000. FMR LLC boosted its holdings in shares of Jabil by 8.1% in the 4th quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock worth $796,220,000 after purchasing an additional 416,841 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Jabil during the 4th quarter valued at about $43,312,000. Finally, JPMorgan Chase & Co. lifted its position in Jabil by 18.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company's stock worth $270,187,000 after buying an additional 288,806 shares during the last quarter. Institutional investors own 93.39% of the company's stock.

Insider Activity

In other news, Director Christopher S. Holland sold 3,400 shares of the firm's stock in a transaction 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 $2,093,283. This trade represents a 20.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the sale, the chairman now directly owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. This represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.73% of the company's stock.

Jabil Stock Up 0.4 %

Jabil stock traded up $0.54 during trading hours on Friday, hitting $146.67. 1,049,670 shares of the stock traded hands, compared to its average volume of 1,472,070. The company has a market cap of $15.74 billion, a PE ratio of 14.06, a PEG ratio of 1.65 and a beta of 1.12. The firm's 50-day moving average price is $140.37 and its two-hundred day moving average price is $141.83. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

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

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date is Thursday, May 15th. Jabil's dividend payout ratio (DPR) is 7.66%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. The Goldman Sachs Group decreased their price target on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. decreased their target price on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Barclays upped their price target on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Finally, UBS Group upped their price target on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $158.50.

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).