Jabil Inc. (NYSE:JBL) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its position in Jabil Inc. (NYSE:JBL - Free Report) by 32.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 149,968 shares of the technology company's stock after selling 72,671 shares during the quarter. Sei Investments Co. owned approximately 0.14% of Jabil worth $21,581,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of Jabil during the 4th quarter worth approximately $27,000. Millstone Evans Group LLC purchased a new position in Jabil in the fourth quarter worth $37,000. Brooklyn Investment Group acquired a new position in shares of Jabil during the third quarter worth $39,000. First Horizon Advisors Inc. lifted its holdings in shares of Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after purchasing an additional 130 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Jabil in the 4th quarter worth $43,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. increased their price target on 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 research report on Friday, March 21st. Stifel Nicolaus reissued a "buy" rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. UBS Group upped their price target on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group lifted their price objective on shares of Jabil from $160.00 to $179.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.50.

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Jabil Stock Performance

NYSE:JBL traded down $3.43 during midday trading on Friday, hitting $135.97. The company's stock had a trading volume of 996,341 shares, compared to its average volume of 1,438,985. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. 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 $14.84 billion, a P/E ratio of 13.04, a P/E/G ratio of 1.65 and a beta of 1.19. The firm's 50 day moving average is $154.45 and its 200-day moving average is $139.84.

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

Jabil Announces Dividend

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

Insider Transactions at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the sale, the executive vice president now directly owns 138,472 shares of the company's stock, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now owns 12,900 shares in the company, valued at approximately $2,093,283. This represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock worth $12,804,458 over the last quarter. 1.73% of the stock is currently owned by insiders.

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).