Cynosure Group LLC Has $331,000 Holdings in Jabil Inc. (NYSE:JBL)

Cynosure Group LLC trimmed its stake in shares of Jabil Inc. (NYSE:JBL) by 30.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,301 shares of the technology company’s stock after selling 999 shares during the period. Cynosure Group LLC’s holdings in Jabil were worth $331,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bleakley Financial Group LLC lifted its holdings in Jabil by 2.2% during the 4th quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock worth $471,000 after buying an additional 70 shares in the last quarter. Greenleaf Trust raised its position in shares of Jabil by 1.3% during the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock worth $816,000 after acquiring an additional 72 shares during the last quarter. Resonant Capital Advisors LLC lifted its stake in shares of Jabil by 3.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock valued at $365,000 after acquiring an additional 80 shares during the period. Lifestyle Asset Management Inc. boosted its holdings in Jabil by 1.0% in the fourth quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company’s stock valued at $1,384,000 after acquiring an additional 95 shares during the last quarter. Finally, Savant Capital LLC increased its position in Jabil by 1.9% in the fourth quarter. Savant Capital LLC now owns 5,332 shares of the technology company’s stock worth $767,000 after purchasing an additional 99 shares during the period. 93.39% of the stock is owned by institutional investors.

Insider Transactions at Jabil

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. JPMorgan Chase & Co. lifted their target price on shares of Jabil from $172.00 to $175.00 and gave the stock 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 note on Friday, March 21st. Barclays lifted their price objective on Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group increased their target price on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $167.50.

Jabil Price Performance

Shares of JBL stock opened at $138.87 on Thursday. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a fifty day moving average of $152.69 and a 200-day moving average of $140.28.

Jabil (NYSE:JBL) last announced its quarterly 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 return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the prior year, the company earned $1.68 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders 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 was Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 7.66%.

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).