Jabil Inc. (NYSE:JBL) Stock Holdings Decreased by Lmcg Investments LLC

Lmcg Investments LLC lowered its stake in Jabil Inc. (NYSE:JBL) by 10.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 100,920 shares of the technology company’s stock after selling 11,549 shares during the period. Jabil makes up 0.9% of Lmcg Investments LLC’s holdings, making the stock its 26th biggest holding. Lmcg Investments LLC’s holdings in Jabil were worth $13,732,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of JBL. Wellington Management Group LLP increased its position in shares of Jabil by 70,781.4% in the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock worth $835,876,000 after purchasing an additional 5,800,535 shares during the last quarter. Norges Bank acquired a new position in shares of Jabil in the 4th quarter valued at about $218,430,000. Point72 Asset Management L.P. boosted its holdings in shares of Jabil by 1,007.6% in the 4th quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company’s stock valued at $138,954,000 after buying an additional 878,444 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Jabil by 16,190.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company’s stock valued at $79,539,000 after buying an additional 549,347 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Jabil by 17,410.3% in the 1st quarter. GAMMA Investing LLC now owns 524,958 shares of the technology company’s stock valued at $71,431,000 after buying an additional 521,960 shares during the period. Institutional investors own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the subject of several research reports. The Goldman Sachs Group decreased their price target on shares of Jabil from $175.00 to $146.00 and set a “buy” rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. decreased their price target on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. UBS Group lifted their price target on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Wall Street Zen raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Monday, May 19th. Finally, Barclays lifted their price target on shares of Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, March 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Jabil has a consensus rating of “Moderate Buy” and a consensus price target of $158.50.

Insider Transactions at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the sale, the chairman now directly owns 1,730,192 shares of the company’s stock, valued at approximately $227,624,059.52. This represents a 1.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Dastoor sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the completion of the sale, the chief executive officer now directly owns 221,693 shares of the company’s stock, valued at approximately $37,665,640.70. This represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 50,000 shares of company stock valued at $7,665,200. Company insiders own 1.73% of the company’s stock.

Jabil Trading Down 0.7%

Jabil stock opened at $171.80 on Thursday. 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 50-day moving average price of $148.62 and a two-hundred day moving average price of $148.51. The firm has a market capitalization of $18.44 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.65 and a beta of 1.14. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. Jabil’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.68 EPS. Sell-side analysts expect 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, June 3rd. Stockholders of record on Thursday, May 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date was Thursday, May 15th. Jabil’s dividend payout ratio is currently 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).