Jabil Inc. (NYSE:JBL) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 33.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,143 shares of the technology company's stock after selling 20,310 shares during the quarter. State of Alaska Department of Revenue's holdings in Jabil were worth $5,776,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBL. Bleakley Financial Group LLC raised its holdings in shares of Jabil by 2.2% during the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock valued at $471,000 after acquiring an additional 70 shares during the last quarter. Greenleaf Trust raised its stake in Jabil by 1.3% in the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock valued at $816,000 after purchasing an additional 72 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in Jabil by 3.3% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company's stock valued at $365,000 after purchasing an additional 80 shares in the last quarter. Van ECK Associates Corp boosted its stake in Jabil by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company's stock worth $195,000 after purchasing an additional 90 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in shares of 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 buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on JBL shares. Barclays boosted their price target on shares of Jabil from $157.00 to $179.00 and gave the stock an "overweight" rating in a research report on Friday, December 20th. UBS Group boosted 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. Stifel Nicolaus reaffirmed a "buy" rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. The Goldman Sachs Group boosted their price objective on Jabil from $136.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Finally, StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $153.17.

Insider Activity at Jabil

In related news, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction 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 directly owns 5,900 shares in the company, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the sale, the director now owns 12,900 shares in the company, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is currently owned by company insiders.

Jabil Trading Up 0.6 %

JBL traded up $0.96 on Tuesday, hitting $167.48. The company had a trading volume of 846,056 shares, compared to its average volume of 1,362,933. 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 firm has a market cap of $18.29 billion, a P/E ratio of 16.06, a PEG ratio of 1.64 and a beta of 1.23. The company's fifty day moving average price is $151.89 and its 200 day moving average price is $129.62. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same period in the prior year, the business posted $2.60 EPS. The business's revenue for the quarter was down 16.6% compared to the same quarter last year. As a group, equities analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. Jabil's payout ratio is presently 3.07%.

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).