Stifel Financial Corp Has $12.26 Million Stake in Jabil Inc. (NYSE:JBL)

Stifel Financial Corp cut its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,194 shares of the technology company's stock after selling 2,929 shares during the period. Stifel Financial Corp owned about 0.08% of Jabil worth $12,259,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JBL. SBI Securities Co. Ltd. bought a new stake in shares of Jabil during the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Jabil in the fourth quarter valued at $29,000. Millstone Evans Group LLC acquired a new position in shares of Jabil in the 4th quarter valued at about $37,000. First Horizon Advisors Inc. increased its stake in Jabil by 90.3% in the 4th 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 during the period. Finally, GHP Investment Advisors Inc. acquired a new stake 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

Shares of NYSE JBL traded up $6.64 during mid-day trading on Thursday, hitting $145.13. The company had a trading volume of 527,436 shares, compared to its average volume of 1,470,137. The business's 50-day simple moving average is $140.84 and its 200-day simple moving average is $141.67. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The firm has a market cap of $15.58 billion, a P/E ratio of 13.93, a PEG ratio of 1.65 and a beta of 1.12. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. The business had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 EPS. As a group, analysts predict that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. Jabil's payout ratio is 7.66%.

Insider Buying and Selling at Jabil

In related news, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the transaction, the chairman now owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. This trade represents a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction dated 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 transaction, the director now owns 5,900 shares in the company, valued at approximately $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,400 shares of company stock worth $11,810,418. Insiders own 1.73% of the company's stock.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of recent research reports. UBS Group raised their price target on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, March 21st. StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. JPMorgan Chase & Co. lowered their target price on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays boosted their target price on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Finally, The Goldman Sachs Group lowered their price target on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Jabil currently has an average rating of "Moderate Buy" and an average target price of $158.50.

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).