Distillate Capital Partners LLC Sells 176,930 Shares of Jabil Inc. (NYSE:JBL)

Distillate Capital Partners LLC decreased its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 60.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,402 shares of the technology company's stock after selling 176,930 shares during the period. Distillate Capital Partners LLC owned about 0.10% of Jabil worth $16,462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its position in Jabil by 25.7% in the fourth quarter. Sterling Capital Management LLC now owns 10,256 shares of the technology company's stock worth $1,476,000 after acquiring an additional 2,100 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its position in shares of Jabil by 50.5% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 5,146 shares of the technology company's stock valued at $740,000 after acquiring an additional 1,727 shares during the period. Paralel Advisors LLC raised its position in shares of Jabil by 10.0% during the fourth quarter. Paralel Advisors LLC now owns 18,782 shares of the technology company's stock valued at $2,703,000 after buying an additional 1,704 shares during the last quarter. Neuberger Berman Group LLC grew its position in Jabil by 10.0% during the fourth quarter. Neuberger Berman Group LLC now owns 8,607 shares of the technology company's stock worth $1,239,000 after buying an additional 784 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Jabil by 1.3% during the fourth quarter. Bessemer Group Inc. now owns 49,056 shares of the technology company's stock valued at $7,060,000 after acquiring an additional 645 shares during the period. Hedge funds and other institutional investors own 93.39% of the company's stock.

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Jabil Price Performance

Shares of NYSE JBL traded up $1.61 during trading on Tuesday, reaching $135.47. The company had a trading volume of 1,202,949 shares, compared to its average volume of 1,483,484. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The business's 50 day moving average price is $144.86 and its 200-day moving average price is $141.22. The stock has a market cap of $14.54 billion, a PE ratio of 12.99, a PEG ratio of 1.65 and a beta of 1.12. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. Jabil's revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 EPS. Analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

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

Analysts Set New Price Targets

JBL has been the topic of a number of recent research reports. StockNews.com raised Jabil from a "hold" rating to a "buy" rating in a report on Friday, March 21st. Barclays boosted their target price on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. Stifel Nicolaus reiterated a "buy" rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. UBS Group lifted 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. Finally, The Goldman Sachs Group decreased their price objective 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.00.

Insider Buying and Selling at Jabil

In related news, Director John C. Plant sold 50,000 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the transaction, the director now directly owns 5,900 shares in the company, valued at $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the sale, the chairman now directly owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. This represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,400 shares of company stock worth $11,810,418. Company insiders own 1.73% of the company's stock.

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).