Boston Partners Lowers Stock Holdings in Jabil Inc. (NYSE:JBL)

Boston Partners trimmed its position in shares of Jabil Inc. (NYSE:JBL) by 9.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 591,308 shares of the technology company’s stock after selling 60,896 shares during the quarter. Boston Partners owned 0.54% of Jabil worth $85,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its holdings in Jabil by 11.3% during the 3rd quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock valued at $613,087,000 after acquiring an additional 520,672 shares during the period. Primecap Management Co. CA raised its position in Jabil by 0.3% in the 3rd quarter. Primecap Management Co. CA now owns 3,692,560 shares of the technology company’s stock valued at $442,479,000 after purchasing an additional 9,685 shares in the last quarter. Pacer Advisors Inc. raised its position in Jabil by 12,251.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock valued at $264,391,000 after purchasing an additional 2,188,521 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Jabil by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,045,213 shares of the technology company’s stock valued at $150,406,000 after purchasing an additional 10,541 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Jabil by 15.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 903,526 shares of the technology company’s stock valued at $108,270,000 after purchasing an additional 118,376 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on JBL shares. The Goldman Sachs Group increased their price target on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Barclays increased their price target on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, UBS Group raised their target price on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Three equities research 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, Jabil presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.83.

Jabil Trading Down 2.0 %

JBL opened at $135.54 on Wednesday. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The business’s 50 day moving average is $156.64 and its two-hundred day moving average is $137.61. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm’s revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.60 earnings per share. On average, research analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is 3.07%.

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).