Jabil Inc. (NYSE:JBL) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in Jabil Inc. (NYSE:JBL) by 8.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,983 shares of the technology company’s stock after selling 19,550 shares during the quarter. California Public Employees Retirement System owned about 0.20% of Jabil worth $30,648,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in Jabil in the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Jabil in the 4th quarter worth approximately $29,000. Millstone Evans Group LLC purchased a new stake in Jabil during the 4th quarter worth approximately $37,000. First Horizon Advisors Inc. raised its holdings in shares of Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after buying an additional 130 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Jabil by 113.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock worth $43,000 after buying an additional 158 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Stock Performance

Shares of NYSE JBL opened at $138.87 on Thursday. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. 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 company’s fifty day moving average price is $152.69 and its 200 day moving average price is $140.28. The company has a market capitalization of $15.16 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned $1.68 EPS. On average, research analysts predict that Jabil Inc. will post 8.05 earnings per share 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 given a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. Jabil’s dividend payout ratio (DPR) is 7.66%.

Insider Activity at Jabil

In other news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction dated 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 sale, the director now owns 119,108 shares in the company, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $551,718.00. Following the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,400 shares of company stock valued at $12,804,458. 1.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a research note on Friday, March 21st. Barclays upped their target price on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. raised their price target on shares of Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. The Goldman Sachs Group increased their price objective on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Finally, UBS Group boosted their target price on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Jabil currently has an average rating of “Moderate Buy” and an average target price of $167.50.

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).