Sei Investments Co. Cuts Stock Holdings in Jabil Inc. (NYSE:JBL)

Sei Investments Co. cut its stake in Jabil Inc. (NYSE:JBL) by 32.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,968 shares of the technology company’s stock after selling 72,671 shares during the period. Sei Investments Co. owned about 0.14% of Jabil worth $21,581,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JBL. SBI Securities Co. Ltd. purchased a new position in shares of Jabil in the 4th quarter valued at about $27,000. Millstone Evans Group LLC purchased a new position in Jabil in the fourth quarter worth approximately $37,000. First Horizon Advisors Inc. grew its holdings in Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after acquiring an additional 130 shares in the last quarter. Smartleaf Asset Management LLC increased its position 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 valued at $43,000 after purchasing an additional 158 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Jabil in the 4th quarter valued at $43,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the sale, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the transaction, the director now owns 12,900 shares in the company, valued at $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,400 shares of company stock worth $12,804,458. Company insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, March 21st. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research report on Friday, March 21st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. Barclays raised their price objective on shares of Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. Finally, UBS Group boosted their price objective on shares of Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $167.50.

Jabil Trading Down 3.0 %

NYSE:JBL opened at $143.88 on Thursday. The company has a market capitalization of $15.71 billion, a PE ratio of 13.79, a P/E/G 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. The stock’s 50 day moving average price is $155.44 and its 200 day moving average price is $139.09. 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) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (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 net margin of 4.71% and a return on equity of 41.87%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm posted $1.68 earnings per share. On average, research analysts anticipate that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm 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 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 7.66%.

Jabil 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).