Corient Private Wealth LLC Sells 4,950 Shares of Jabil Inc. (NYSE:JBL)

Corient Private Wealth LLC trimmed its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 14.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,194 shares of the technology company's stock after selling 4,950 shares during the period. Corient Private Wealth LLC's holdings in Jabil were worth $4,057,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Two Sigma Advisers LP lifted its holdings in Jabil by 406.5% during the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company's stock valued at $86,613,000 after buying an additional 580,100 shares in the last quarter. FMR LLC raised its stake in shares of Jabil by 11.3% during the third quarter. FMR LLC now owns 5,116,308 shares of the technology company's stock valued at $613,087,000 after acquiring an additional 520,672 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Jabil in the fourth quarter valued at approximately $43,312,000. Caisse DE Depot ET Placement DU Quebec grew its stake in Jabil by 595.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company's stock worth $41,118,000 after purchasing an additional 293,801 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Jabil by 50.8% during the 4th quarter. Victory Capital Management Inc. now owns 627,041 shares of the technology company's stock worth $90,231,000 after purchasing an additional 211,168 shares during the period. Hedge funds and other institutional investors own 93.39% of the company's stock.

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Insider Activity at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the transaction, the director now owns 119,108 shares in the company, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 12,900 shares in the company, valued at $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,400 shares of company stock valued at $12,804,458. Company insiders own 1.73% of the company's stock.

Jabil Trading Down 3.0 %

NYSE:JBL traded down $4.41 during trading hours on Wednesday, reaching $143.88. 1,539,624 shares of the company were exchanged, compared to its average volume of 1,396,194. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The stock has a 50 day simple moving average of $155.73 and a 200 day simple moving average of $139.06. The firm has a market cap of $15.71 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 1.65 and a beta of 1.19. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share 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 business had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same period last year, the business earned $1.68 EPS. The business's revenue was down .6% on a year-over-year basis. As a group, analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Analysts Set New Price Targets

JBL has been the topic of several research reports. StockNews.com upgraded Jabil from a "hold" rating to a "buy" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. boosted their price target on shares of Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, March 21st. UBS Group upped their price objective on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Barclays upped their price target on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Finally, Stifel Nicolaus restated a "buy" rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Jabil currently has a consensus rating of "Moderate Buy" and an average target price of $167.50.

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).