Jabil Inc. (NYSE:JBL) Holdings Trimmed by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lowered its position in shares of Jabil Inc. (NYSE:JBL) by 19.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,172 shares of the technology company’s stock after selling 758 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Jabil were worth $456,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in shares of Jabil during the third quarter valued at $32,000. Brooklyn Investment Group purchased a new stake in Jabil in the 3rd quarter worth about $39,000. Matrix Trust Co lifted its stake in Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after acquiring an additional 214 shares in the last quarter. Armstrong Advisory Group Inc. lifted its stake in Jabil by 114.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after acquiring an additional 228 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its stake in Jabil by 945.7% in the 3rd quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock worth $58,000 after acquiring an additional 435 shares in the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was 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 of the company’s stock, valued at $18,021,040.40. This trade represents a 14.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the sale, the director now directly owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,000 shares of company stock valued at $12,252,740. Insiders own 1.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on JBL shares. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays increased their price objective on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. The Goldman Sachs Group raised their price target on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, UBS Group raised 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Jabil currently has an average rating of “Moderate Buy” and an average target price of $153.17.

Jabil Stock Up 1.0 %

JBL opened at $162.54 on Friday. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The business has a 50-day moving average of $147.07 and a 200-day moving average of $126.54. 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 capitalization of $17.75 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.23.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The business 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 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. Equities research analysts forecast that Jabil Inc. will post 8.03 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date is Tuesday, February 18th. Jabil’s dividend payout ratio 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).