Jabil Inc. (NYSE:JBL) Stock Holdings Lessened by Kentucky Retirement Systems

Kentucky Retirement Systems cut its stake in shares of Jabil Inc. (NYSE:JBL) by 1.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,796 shares of the technology company’s stock after selling 107 shares during the period. Kentucky Retirement Systems’ holdings in Jabil were worth $1,122,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Jabil during the 3rd quarter valued at $32,000. Brooklyn Investment Group acquired a new stake in Jabil during the third quarter valued at $39,000. GHP Investment Advisors Inc. bought a new stake in shares of Jabil in the 4th quarter valued at approximately $43,000. Cromwell Holdings LLC grew its stake in shares of Jabil by 412.7% in the 4th quarter. Cromwell Holdings LLC now owns 364 shares of the technology company’s stock valued at $52,000 after buying an additional 293 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in Jabil by 38.9% in the fourth quarter. Allworth Financial LP now owns 432 shares of the technology company’s stock valued at $62,000 after acquiring an additional 121 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Buying and Selling

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the sale, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. This represents a 2.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the sale, the director now owns 12,900 shares in the company, valued at $2,093,283. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock valued at $12,804,458 over the last quarter. Corporate insiders own 1.73% of the company’s stock.

Jabil Price Performance

Shares of Jabil stock opened at $162.54 on Monday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The company has a market cap of $17.75 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23. The firm has a fifty day moving average price of $157.22 and a two-hundred day moving average price of $133.19. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.88 by $0.12. The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 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 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.60 EPS. Analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.20%. Jabil’s dividend payout ratio (DPR) is currently 3.07%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. UBS Group upped their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Barclays boosted their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group raised their price target on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Jabil has a consensus rating of “Moderate Buy” and an average price target of $153.17.

Jabil 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).