Guyasuta Investment Advisors Inc. Sells 485 Shares of Jabil Inc. (NYSE:JBL)

Guyasuta Investment Advisors Inc. decreased its holdings in Jabil Inc. (NYSE:JBL) by 15.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,747 shares of the technology company’s stock after selling 485 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Jabil were worth $350,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC lifted its position in Jabil by 15.9% in the 3rd quarter. FMR LLC now owns 10,525,084 shares of the technology company’s stock valued at $1,335,528,000 after acquiring an additional 1,440,857 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Jabil by 0.7% during the 3rd quarter. Wellington Management Group LLP now owns 5,392,355 shares of the technology company’s stock worth $684,236,000 after buying an additional 36,560 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Jabil by 7.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,513,406 shares of the technology company’s stock worth $192,036,000 after buying an additional 99,174 shares in the last quarter. Northern Trust Corp lifted its position in shares of Jabil by 13.8% during the 3rd quarter. Northern Trust Corp now owns 1,162,838 shares of the technology company’s stock worth $147,553,000 after buying an additional 141,383 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new position in shares of Jabil during the 3rd quarter worth approximately $124,319,000. Institutional investors own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on JBL shares. Barclays dropped their target price on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a research report on Monday, March 18th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, The Goldman Sachs Group lifted their target price on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Jabil has a consensus rating of “Buy” and an average target price of $144.50.

Jabil Stock Up 1.4 %

Jabil stock opened at $119.87 on Tuesday. Jabil Inc. has a 1-year low of $75.48 and a 1-year high of $156.94. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of 10.29, a P/E/G ratio of 1.26 and a beta of 1.40. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08. The firm has a 50 day simple moving average of $135.60 and a 200 day simple moving average of $130.54.

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

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Jabil’s payout ratio is currently 2.75%.

Insider Transactions at Jabil

In other news, CEO Kenneth S. Wilson sold 15,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the transaction, the chief executive officer now owns 339,725 shares of the company’s stock, valued at $45,591,095. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Kenneth S. Wilson sold 15,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the transaction, the chief executive officer now owns 339,725 shares of the company’s stock, valued at $45,591,095. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Gerald Creadon sold 3,000 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the completion of the transaction, the executive vice president now directly owns 65,434 shares in the company, valued at approximately $8,874,159.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,877 shares of company stock valued at $9,824,383. 2.62% of the stock is currently owned by company insiders.

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).