Teachers Retirement System of The State of Kentucky Sells 3,193 Shares of Jabil Inc. (NYSE:JBL)

Teachers Retirement System of The State of Kentucky trimmed its stake in Jabil Inc. (NYSE:JBL - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 364,449 shares of the technology company's stock after selling 3,193 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.33% of Jabil worth $52,445,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in shares of Jabil in the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp bought a new position in Jabil in the fourth quarter valued at $29,000. Millstone Evans Group LLC purchased a new stake in Jabil during the fourth quarter valued at about $37,000. First Horizon Advisors Inc. lifted its stake in Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock worth $39,000 after purchasing an additional 130 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Jabil by 113.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock worth $43,000 after purchasing an additional 158 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Trading Up 4.0 %

JBL traded up $5.26 during trading on Wednesday, hitting $138.50. 1,260,583 shares of the stock traded hands, compared to its average volume of 1,473,674. The firm has a 50-day moving average of $140.84 and a 200 day moving average of $141.67. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The firm has a market capitalization of $14.87 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Jabil (NYSE:JBL - Get Free Report) last posted its earnings results 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 company had revenue of $6.73 billion during 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%. Jabil's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.68 earnings per share. Equities research analysts anticipate that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil's dividend payout ratio (DPR) is currently 7.66%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. UBS Group raised their price objective on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. lowered their price objective on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. StockNews.com lowered shares of Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. The Goldman Sachs Group lowered their price target on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Barclays raised their price objective on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $158.50.

Insider Buying and Selling at Jabil

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