United Asset Strategies Inc. Trims Stock Holdings in Jabil Inc. (NYSE:JBL)

United Asset Strategies Inc. lowered its position in Jabil Inc. (NYSE:JBL) by 18.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,283 shares of the technology company’s stock after selling 2,313 shares during the period. United Asset Strategies Inc.’s holdings in Jabil were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC purchased a new stake in shares of Jabil during the fourth quarter worth approximately $36,000. Valley National Advisers Inc. purchased a new stake in shares of Jabil during the fourth quarter worth approximately $36,000. Hanseatic Management Services Inc. purchased a new stake in shares of Jabil during the third quarter worth approximately $48,000. Ceredex Value Advisors LLC purchased a new stake in shares of Jabil during the third quarter worth approximately $51,000. Finally, Allworth Financial LP raised its stake in shares of Jabil by 745.8% during the fourth quarter. Allworth Financial LP now owns 406 shares of the technology company’s stock worth $52,000 after purchasing an additional 358 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. The Goldman Sachs Group upped their price target on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Argus cut Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Barclays dropped their price objective on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a report on Monday, March 18th. Finally, StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Jabil presently has an average rating of “Moderate Buy” and a consensus price target of $144.50.

Jabil Stock Down 0.5 %

Jabil stock opened at $131.99 on Wednesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. The firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40. Jabil Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $156.94. The stock’s fifty day moving average is $138.61 and its two-hundred day moving average is $131.22.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. Analysts predict that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Thursday, February 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Wednesday, February 14th. Jabil’s payout ratio is currently 2.75%.

Insider Activity at Jabil

In related news, Chairman Mark T. Mondello sold 50,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the sale, the chairman now owns 1,809,194 shares of the company’s stock, valued at $228,121,271.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Gerald Creadon sold 3,000 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the transaction, the executive vice president now directly owns 65,434 shares in the company, valued at $8,874,159.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark T. Mondello sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total value of $6,304,500.00. Following the completion of the transaction, the chairman now owns 1,809,194 shares in the company, valued at $228,121,271.46. The disclosure for this sale can be found here. Insiders have sold a total of 92,177 shares of company stock valued at $11,665,039 over the last quarter. Insiders own 2.62% of the company’s stock.

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).