Thrivent Financial for Lutherans Has $7.17 Million Position in Jabil Inc. (NYSE:JBL)

Thrivent Financial for Lutherans trimmed its holdings in Jabil Inc. (NYSE:JBL) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,847 shares of the technology company’s stock after selling 6,096 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Jabil were worth $7,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Jabil Price Performance

JBL 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 has a 50-day simple moving average of $155.96 and a two-hundred day simple moving average of $138.39. The company has a market capitalization of $15.83 billion, a P/E ratio of 13.90, a price-to-earnings-growth 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 announced its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.11. The company had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 earnings per share. Research analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced 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 0.22%. Jabil’s dividend payout ratio is currently 3.07%.

Insider Activity at Jabil

In related news, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction 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 directly owns 12,900 shares in the company, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the transaction, the director now owns 5,900 shares of the company’s stock, valued at $1,018,045. This trade represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock valued at $12,804,458 over the last ninety days. Corporate insiders own 1.73% of the company’s stock.

Wall Street Analysts Forecast Growth

JBL has been the subject of several research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. UBS Group boosted their target price on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a report on Friday. Barclays boosted their price objective on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a report on Friday. Finally, The Goldman Sachs Group increased their target price on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.50.

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).