Thrivent Financial for Lutherans Sells 6,096 Shares of Jabil Inc. (NYSE:JBL)

Thrivent Financial for Lutherans decreased its stake in Jabil Inc. (NYSE:JBL - Free Report) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,847 shares of the technology company's stock after selling 6,096 shares during the period. Thrivent Financial for Lutherans' holdings in Jabil were worth $7,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Two Sigma Advisers LP lifted its position in Jabil by 406.5% in the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company's stock worth $86,613,000 after buying an additional 580,100 shares during the last quarter. FMR LLC lifted its position in Jabil by 11.3% in the third quarter. FMR LLC now owns 5,116,308 shares of the technology company's stock valued at $613,087,000 after purchasing an additional 520,672 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Jabil during the fourth quarter valued at approximately $43,312,000. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Jabil by 595.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company's stock worth $41,118,000 after buying an additional 293,801 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Jabil by 50.8% during the 4th quarter. Victory Capital Management Inc. now owns 627,041 shares of the technology company's stock valued at $90,231,000 after buying an additional 211,168 shares during the period. Hedge funds and other institutional investors own 93.39% of the company's stock.

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Jabil Stock Performance

Shares of NYSE JBL traded down $4.34 during trading on Thursday, reaching $139.52. 1,434,218 shares of the company traded hands, compared to its average volume of 1,395,651. The firm has a 50 day simple moving average of $155.44 and a 200-day simple moving average of $139.09. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The stock has a market capitalization of $15.23 billion, a PE ratio of 13.38, a P/E/G ratio of 1.65 and a beta of 1.19. 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 issued its 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 net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.73 billion for the quarter, compared to analysts' expectations of $6.40 billion. During the same quarter last year, the company posted $1.68 earnings per share. The firm's quarterly revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued 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 was Tuesday, February 18th. Jabil's payout ratio is currently 7.66%.

Wall Street Analysts Forecast Growth

JBL has been the topic of a number of analyst reports. The Goldman Sachs Group boosted their price objective on shares of Jabil from $160.00 to $179.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Barclays upped their price target on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. raised their price objective on Jabil from $172.00 to $175.00 and gave the company an "overweight" rating in a research report 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. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $167.50.

Insider Activity at Jabil

In related news, Director John C. Plant sold 50,000 shares of the business's stock in a transaction that occurred on Friday, January 24th. The stock was 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 in the company, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christopher S. Holland sold 3,400 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was 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. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is owned by insiders.

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).