Oak Thistle LLC Sells 6,460 Shares of Jabil Inc. (NYSE:JBL)

Oak Thistle LLC reduced its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 53.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,695 shares of the technology company's stock after selling 6,460 shares during the quarter. Oak Thistle LLC's holdings in Jabil were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the business. Capital Performance Advisors LLP acquired a new position in Jabil in the third quarter valued at about $32,000. Brooklyn Investment Group bought a new stake in shares of Jabil in the 3rd quarter valued at about $39,000. Matrix Trust Co raised its position in shares of Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company's stock valued at $45,000 after acquiring an additional 214 shares during the period. Armstrong Advisory Group Inc. boosted its stake in Jabil by 114.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company's stock worth $51,000 after acquiring an additional 228 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings in Jabil by 945.7% during the third quarter. Sound Income Strategies LLC now owns 481 shares of the technology company's stock valued at $58,000 after purchasing an additional 435 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the company's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the sale, the director now directly owns 119,108 shares of the company's stock, valued at approximately $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of Jabil stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the transaction, the senior vice president now directly owns 41,507 shares of the company's stock, valued at approximately $5,051,816.97. This trade represents a 22.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,689 shares of company stock valued at $8,527,871. Corporate insiders own 1.73% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on JBL shares. The Goldman Sachs Group increased their target price on shares of Jabil from $136.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. UBS Group lifted their target price on Jabil from $128.00 to $152.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Bank of America boosted their target price on Jabil from $135.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Barclays raised their price target on Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a research report on Friday, December 20th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $153.17.

Jabil Stock Up 2.4 %

Shares of Jabil stock traded up $3.83 during trading on Thursday, reaching $162.00. The stock had a trading volume of 1,642,878 shares, compared to its average volume of 1,320,838. 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 company has a market capitalization of $18.09 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 1.61 and a beta of 1.23. The stock has a fifty day moving average price of $139.71 and a two-hundred day moving average price of $122.50. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $162.72.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.88 by $0.12. The firm had revenue of $6.99 billion for the quarter, compared to analysts' expectations of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business's quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.60 EPS. Sell-side analysts predict that Jabil Inc. will post 8.02 EPS for the current fiscal year.

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).