Jabil Inc. (NYSE:JBL) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC lowered its position in Jabil Inc. (NYSE:JBL) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,297 shares of the technology company’s stock after selling 308 shares during the quarter. Parallel Advisors LLC’s holdings in Jabil were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC boosted its holdings in Jabil by 2.2% in the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock valued at $471,000 after acquiring an additional 70 shares during the last quarter. Greenleaf Trust boosted its holdings in Jabil by 1.3% in the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock valued at $816,000 after acquiring an additional 72 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in Jabil by 3.3% in 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 last quarter. 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 boosted its holdings in Jabil by 1.9% in the fourth quarter. Savant Capital LLC now owns 5,332 shares of the technology company’s stock valued at $767,000 after acquiring an additional 99 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of recent research reports. Stifel Nicolaus restated a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. The Goldman Sachs Group boosted their price objective on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Barclays boosted their price objective on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. UBS Group boosted their price objective on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $158.83.

Insider Activity at Jabil

In related news, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the sale, the director now directly owns 12,900 shares of the company’s stock, valued at $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the transaction, the director now directly owns 119,108 shares of the company’s stock, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock valued at $12,804,458 over the last three months. 1.73% of the stock is owned by insiders.

Jabil Stock Up 3.0 %

Shares of NYSE JBL opened at $143.69 on Friday. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The firm has a market cap of $15.69 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.65 and a beta of 1.19. 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 stock’s 50-day simple moving average is $156.14 and its 200-day simple moving average is $137.66.

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 return on equity of 41.87% and a net margin of 4.71%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 earnings per share. As a group, equities analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil’s dividend payout ratio is currently 3.07%.

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).