Marshall Wace LLP Cuts Holdings in Jabil Inc. (NYSE:JBL)

Marshall Wace LLP reduced its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 54.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 362,813 shares of the technology company's stock after selling 439,719 shares during the quarter. Marshall Wace LLP owned about 0.33% of Jabil worth $52,209,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in shares of Jabil by 234.0% in the 4th quarter. NewEdge Advisors LLC now owns 12,254 shares of the technology company's stock worth $1,763,000 after buying an additional 8,585 shares during the last quarter. Guggenheim Capital LLC grew its holdings in Jabil by 45.0% during the 4th quarter. Guggenheim Capital LLC now owns 20,716 shares of the technology company's stock worth $2,981,000 after acquiring an additional 6,432 shares in the last quarter. Portolan Capital Management LLC purchased a new position in Jabil during the fourth quarter valued at approximately $3,458,000. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Jabil in the 4th quarter valued at $30,936,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in Jabil in the fourth quarter worth about $340,000. Institutional investors own 93.39% of the company's stock.

Insider Buying and Selling at Jabil

In related news, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the transaction, the director now directly owns 12,900 shares in the company, valued at approximately $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the transaction, the chairman now directly owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,400 shares of company stock worth $11,810,418. Corporate insiders own 1.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JBL. The Goldman Sachs Group cut their price objective on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Stifel Nicolaus restated a "buy" rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Barclays lifted their target price on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. UBS Group upped their target price on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, StockNews.com upgraded shares of Jabil from a "hold" rating to a "buy" rating in a report on Friday, March 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jabil has an average rating of "Moderate Buy" and an average price target of $158.50.

Jabil Stock Up 0.8 %

JBL stock opened at $134.97 on Friday. The firm's fifty day moving average is $143.60 and its 200 day moving average is $141.28. The firm has a market cap of $14.49 billion, a PE ratio of 12.94, a P/E/G ratio of 1.65 and a beta of 1.12. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06.

Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 EPS. On average, research analysts forecast that Jabil Inc. will post 8.05 EPS 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. Jabil's dividend payout ratio (DPR) is presently 7.66%.

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).

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