Jabil Inc. (NYSE:JBL) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in shares of Jabil Inc. (NYSE:JBL) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,994 shares of the technology company’s stock after selling 702 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Jabil were worth $3,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC grew its holdings in shares of Jabil by 11.3% during the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock valued at $613,087,000 after buying an additional 520,672 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Jabil by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,045,213 shares of the technology company’s stock valued at $150,406,000 after buying an additional 10,541 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Jabil by 15.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 903,526 shares of the technology company’s stock valued at $108,270,000 after buying an additional 118,376 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Jabil by 406.5% during the third quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock valued at $86,613,000 after buying an additional 580,100 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Jabil by 50.8% during the fourth quarter. Victory Capital Management Inc. now owns 627,041 shares of the technology company’s stock valued at $90,231,000 after purchasing an additional 211,168 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Transactions at Jabil

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

Jabil Trading Up 0.8 %

Jabil stock opened at $145.02 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The business’s 50-day simple moving average is $155.96 and its 200-day simple moving average is $138.39. The firm has a market capitalization of $15.83 billion, a PE ratio of 13.90, a PEG ratio of 1.65 and a beta of 1.19. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80.

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

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.22%. Jabil’s payout ratio is presently 3.07%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays lifted their price objective on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research report on Friday. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. JPMorgan Chase & Co. lifted their price objective on Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday. Finally, UBS Group boosted their price target on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.50.

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).