Jabil Inc. (NYSE:JBL) Position Reduced by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lessened its position in Jabil Inc. (NYSE:JBL) by 19.8% in the 4th quarter, Holdings Channel reports. The fund owned 31,448 shares of the technology company’s stock after selling 7,780 shares during the period. Dana Investment Advisors Inc.’s holdings in Jabil were worth $4,525,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meyer Handelman Co. purchased a new stake in Jabil in the 4th quarter worth about $7,334,000. Davis Investment Partners LLC acquired a new position in Jabil in the 4th quarter worth about $1,433,000. Truist Financial Corp grew its stake in shares of Jabil by 50.4% in the 4th quarter. Truist Financial Corp now owns 12,037 shares of the technology company’s stock valued at $1,732,000 after buying an additional 4,034 shares in the last quarter. Nicola Wealth Management LTD. increased its holdings in Jabil by 54.9% in the third quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock worth $4,733,000 after buying an additional 14,000 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in Jabil in the fourth quarter valued at approximately $235,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Trading Down 3.5 %

Jabil stock opened at $138.16 on Friday. Jabil Inc. has a 52 week low of $95.85 and a 52 week 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 firm has a market capitalization of $15.08 billion, a PE ratio of 13.25, a PEG ratio of 1.65 and a beta of 1.19. The business’s 50-day simple moving average is $158.74 and its 200-day simple moving average is $135.67.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion during 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 company’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.60 earnings per share. Equities research analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Insiders Place Their Bets

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This trade represents a 2.81 % 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 hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction 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 represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock worth $12,804,458 in the last ninety days. Insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

JBL has been the subject of several analyst reports. UBS Group lifted their price objective on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Barclays boosted their price target on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group upped their target price on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.83.

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).