Trexquant Investment LP Decreases Stock Holdings in Jabil Inc. (NYSE:JBL)

Trexquant Investment LP decreased its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 94.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,911 shares of the technology company's stock after selling 212,203 shares during the period. Trexquant Investment LP's holdings in Jabil were worth $1,858,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Jacobs Levy Equity Management Inc. bought a new stake in Jabil during the 3rd quarter valued at about $407,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Jabil in the third quarter valued at approximately $223,000. EP Wealth Advisors LLC bought a new position in Jabil in the third quarter worth approximately $1,390,000. iA Global Asset Management Inc. raised its position in Jabil by 29.3% during the 3rd quarter. iA Global Asset Management Inc. now owns 2,879 shares of the technology company's stock valued at $345,000 after purchasing an additional 652 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Jabil by 15.1% in the 3rd quarter. National Bank of Canada FI now owns 57,957 shares of the technology company's stock worth $6,945,000 after buying an additional 7,621 shares during the period. Hedge funds and other institutional investors own 93.39% of the company's stock.

Insiders Place Their Bets

In other news, Director Christopher S. Holland sold 3,400 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now directly owns 12,900 shares in the company, valued at $2,093,283. This trade represents a 20.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Plant sold 50,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 5,900 shares of the company's stock, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is owned by insiders.

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Jabil Stock Performance

Shares of JBL traded up $3.46 during trading hours on Monday, reaching $135.40. 185,326 shares of the company traded hands, compared to its average volume of 1,478,080. The stock has a market capitalization of $14.53 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.65 and a beta of 1.12. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The business has a fifty day moving average price of $146.05 and a 200-day moving average price of $141.18. 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 announced its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. The firm 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%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the business posted $1.68 earnings per share. Equities analysts anticipate that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date was Tuesday, February 18th. Jabil's payout ratio is 7.66%.

Analyst Upgrades and Downgrades

JBL has been the subject of a number of research reports. The Goldman Sachs Group lowered their price objective on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on shares of Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a report on Friday, March 21st. Barclays increased their target price on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Jabil presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.00.

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).