Public Employees Retirement System of Ohio Sells 4,198 Shares of Jabil Inc. (NYSE:JBL)

Public Employees Retirement System of Ohio lessened its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,823 shares of the technology company's stock after selling 4,198 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of Jabil worth $8,127,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp raised its holdings in shares of Jabil by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company's stock worth $195,000 after acquiring an additional 90 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in Jabil by 2.9% during the third quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company's stock worth $387,000 after purchasing an additional 91 shares during the last quarter. Gateway Investment Advisers LLC grew its position in Jabil by 3.5% in the 3rd quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company's stock worth $376,000 after purchasing an additional 105 shares in the last quarter. Richard P Slaughter Associates Inc increased its stake in Jabil by 0.7% in the 3rd quarter. Richard P Slaughter Associates Inc now owns 17,624 shares of the technology company's stock valued at $2,112,000 after buying an additional 120 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Jabil by 4.9% in the 3rd quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company's stock worth $309,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on JBL. StockNews.com upgraded Jabil from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 27th. Bank of America increased their price target on shares of Jabil from $135.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Stifel Nicolaus boosted their target price on shares of Jabil from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. decreased their price target on shares of Jabil from $137.00 to $133.00 and set an "overweight" rating for the company in a research note on Tuesday, September 3rd. Finally, Barclays increased their price objective on Jabil from $135.00 to $157.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $145.17.

Jabil Stock Performance

Jabil stock traded up $1.49 during mid-day trading on Friday, reaching $135.13. The company's stock had a trading volume of 741,626 shares, compared to its average volume of 1,413,739. The company has a market capitalization of $15.25 billion, a P/E ratio of 12.26, a PEG ratio of 1.57 and a beta of 1.25. The firm's fifty day moving average price is $129.24 and its two-hundred day moving average price is $117.46. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $156.94. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.22 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm's revenue for the quarter was down 17.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.34 EPS. Sell-side analysts predict that Jabil Inc. will post 7.89 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, November 15th. This represents a $0.32 annualized dividend and a yield of 0.24%. Jabil's dividend payout ratio is currently 2.90%.

Insider Buying and Selling

In related news, EVP Matthew Crowley sold 1,380 shares of Jabil stock in a transaction on Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the transaction, the executive vice president now owns 18,568 shares in the company, valued at $2,336,411.44. This trade represents a 6.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Francis Mckay sold 11,755 shares of the business's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the sale, the senior vice president now directly owns 41,507 shares of the company's stock, valued at $5,051,816.97. This represents a 22.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,689 shares of company stock valued at $5,377,431. Company insiders own 2.62% of the company's stock.

About Jabil

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).