National Bank of Canada FI Sells 20,928 Shares of Jabil Inc. (NYSE:JBL)

National Bank of Canada FI trimmed its stake in Jabil Inc. (NYSE:JBL - Free Report) by 36.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,029 shares of the technology company's stock after selling 20,928 shares during the quarter. National Bank of Canada FI's holdings in Jabil were worth $5,329,000 at the end of the most recent quarter.

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

Jabil Stock Performance

Jabil stock traded down $0.19 during trading hours on Friday, reaching $131.85. 1,688,307 shares of the company were exchanged, compared to its average volume of 1,481,218. Jabil Inc. has a 12 month low of $95.85 and a 12 month 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. The stock has a 50-day moving average of $146.05 and a 200 day moving average of $141.08. The firm has a market cap of $14.40 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.65 and a beta of 1.12.

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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 (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion during 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 EPS. As a group, research analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JBL. Stifel Nicolaus reaffirmed a "buy" rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Barclays boosted their price objective 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. JPMorgan Chase & Co. increased their target price 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. The Goldman Sachs Group lowered their price target on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday. Finally, UBS Group boosted their target price on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $162.00.

Insider Buying and Selling at Jabil

In other Jabil news, Director John C. Plant sold 50,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now owns 5,900 shares of the company's stock, valued at $1,018,045. This represents a 89.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now owns 12,900 shares in the company, valued at $2,093,283. This represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. 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).