Jabil Inc. (NYSE:JBL) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC cut its stake in Jabil Inc. (NYSE:JBL) by 18.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 717 shares of the technology company’s stock after selling 157 shares during the period. ARK Investment Management LLC’s holdings in Jabil were worth $103,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of JBL. Private Advisor Group LLC boosted its holdings in Jabil by 4.9% in the third quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company’s stock valued at $309,000 after acquiring an additional 120 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Jabil by 11,262.2% in the 3rd quarter. International Assets Investment Management LLC now owns 21,929 shares of the technology company’s stock worth $2,628,000 after purchasing an additional 21,736 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Jabil by 45.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,692 shares of the technology company’s stock valued at $941,000 after purchasing an additional 2,401 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of Jabil during the 3rd quarter worth about $315,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in Jabil during the 3rd quarter worth approximately $211,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Stock Performance

Jabil stock opened at $158.81 on Thursday. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. 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 $17.34 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23. The firm’s fifty day moving average price is $158.48 and its 200 day moving average price is $134.16.

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

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a $0.08 dividend. 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 payout ratio is 3.07%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. UBS Group raised their price target on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays raised their price objective on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.83.

Insider Activity

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Plant sold 50,000 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the transaction, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. This represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is currently owned by insiders.

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).