Jabil Inc. (NYSE:JBL) Stock Holdings Lessened by Hancock Whitney Corp

Hancock Whitney Corp trimmed its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,239 shares of the technology company's stock after selling 2,229 shares during the period. Hancock Whitney Corp's holdings in Jabil were worth $5,647,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in JBL. Barclays PLC raised its holdings in Jabil by 33.5% during the third quarter. Barclays PLC now owns 327,969 shares of the technology company's stock valued at $39,300,000 after buying an additional 82,312 shares in the last quarter. Virtu Financial LLC raised its position in Jabil by 157.9% in the third quarter. Virtu Financial LLC now owns 15,091 shares of the technology company's stock worth $1,808,000 after purchasing an additional 9,239 shares in the last quarter. Te Ahumairangi Investment Management Ltd grew its position in Jabil by 365.6% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 20,767 shares of the technology company's stock valued at $2,474,000 after acquiring an additional 16,307 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Jabil in the third quarter worth $347,000. Finally, Synovus Financial Corp increased its stake in shares of Jabil by 92.8% in the 3rd quarter. Synovus Financial Corp now owns 18,056 shares of the technology company's stock valued at $2,164,000 after buying an additional 8,693 shares during the period. Institutional investors and hedge funds own 93.39% of the company's stock.

Insiders Place Their Bets

In other news, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the sale, the director now owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the transaction, the director now directly owns 12,900 shares of the company's stock, valued at $2,093,283. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,400 shares of company stock worth $11,810,418. 1.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on JBL shares. UBS Group increased their price objective on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Barclays lifted their target price on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. StockNews.com cut shares of Jabil from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. The Goldman Sachs Group decreased their target price on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. lowered their price objective on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $158.50.

Jabil Stock Up 4.0 %

JBL opened at $138.50 on Thursday. 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 company's 50-day moving average price is $140.84 and its two-hundred day moving average price is $141.67. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 1.65 and a beta of 1.12.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings results 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. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The company's revenue was down .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 Dividend Announcement

The company 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 $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil's dividend payout ratio is currently 7.66%.

Jabil 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).

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