Invesco Ltd. Sells 460,657 Shares of Jabil Inc. (NYSE:JBL)

Invesco Ltd. reduced its stake in Jabil Inc. (NYSE:JBL - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,354,117 shares of the technology company's stock after selling 460,657 shares during the period. Invesco Ltd. owned 2.16% of Jabil worth $338,757,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JBL. SBI Securities Co. Ltd. bought a new stake in shares of Jabil during the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Jabil during the 4th quarter valued at $29,000. Millstone Evans Group LLC bought a new position in shares of Jabil in the 4th quarter worth about $37,000. First Horizon Advisors Inc. lifted its position in Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after acquiring an additional 130 shares during the period. Finally, GHP Investment Advisors Inc. bought a new stake in Jabil during the fourth quarter worth about $43,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. The Goldman Sachs Group dropped their price target on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Stifel Nicolaus reissued a "buy" rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. 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. StockNews.com upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $162.00.

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Jabil Stock Performance

Shares of JBL stock traded up $2.29 during trading hours on Tuesday, reaching $136.15. The company had a trading volume of 249,586 shares, compared to its average volume of 1,477,115. The business has a fifty day moving average price of $145.46 and a 200-day moving average price of $141.26. The firm has a market cap of $14.62 billion, a PE ratio of 13.05, a price-to-earnings-growth 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 Inc. has a one year low of $95.85 and a one year high of $174.80.

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 analysts' consensus estimates of $1.83 by $0.11. The company had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.68 earnings per share. Sell-side analysts predict that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

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

Insider Transactions at Jabil

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the transaction, the director now owns 12,900 shares of the company's stock, valued at $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Plant sold 50,000 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the sale, the director now directly owns 5,900 shares of the company's stock, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.73% of the company's stock.

Jabil 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).