Jabil Inc. (NYSE:JBL) Stake Lessened by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. reduced its position in Jabil Inc. (NYSE:JBL - Free Report) by 22.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,909 shares of the technology company's stock after selling 9,899 shares during the period. Stanley Laman Group Ltd.'s holdings in Jabil were worth $5,023,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of JBL. Meyer Handelman Co. acquired a new position in shares of Jabil during the fourth quarter worth about $7,334,000. Davis Investment Partners LLC purchased a new stake in shares of Jabil during the 4th quarter valued at about $1,433,000. Nicola Wealth Management LTD. lifted its position in Jabil by 54.9% during the 3rd quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company's stock worth $4,733,000 after acquiring an additional 14,000 shares in the last quarter. Merit Financial Group LLC purchased a new position in Jabil in the 4th quarter worth approximately $235,000. Finally, Foster & Motley Inc. grew its position in Jabil by 8.7% in the third quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company's stock valued at $6,252,000 after acquiring an additional 4,181 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Insider Buying and Selling

In other Jabil news, Director John C. Plant sold 50,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the director now directly owns 5,900 shares of the company's stock, valued at $1,018,045. The trade was a 89.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares in the company, valued at $18,021,040.40. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 in the last three months. 1.73% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

JBL has been the topic of a number of recent research reports. UBS Group boosted their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. The Goldman Sachs Group boosted their price objective on shares of Jabil from $136.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Stifel Nicolaus restated a "buy" rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com cut Jabil from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Finally, Barclays raised their price objective on Jabil from $157.00 to $179.00 and gave the company an "overweight" rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Jabil currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.17.

Jabil Stock Performance

JBL stock traded up $0.93 during trading on Monday, hitting $169.60. 604,608 shares of the company's stock traded hands, compared to its average volume of 1,346,669. The stock has a market capitalization of $18.52 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 1.64 and a beta of 1.23. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The stock has a fifty day moving average price of $153.88 and a two-hundred day moving average price of $130.85. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the prior year, the firm earned $2.60 EPS. The company's revenue for the quarter was down 16.6% compared to the same quarter last year. As a group, equities analysts anticipate that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.19%. Jabil's dividend payout ratio is currently 3.07%.

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).