Ifrah Financial Services Inc. Sells 121 Shares of Jabil Inc. (NYSE:JBL)

Ifrah Financial Services Inc. lessened its holdings in shares of Jabil Inc. (NYSE:JBL) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,972 shares of the technology company’s stock after selling 121 shares during the period. Ifrah Financial Services Inc.’s holdings in Jabil were worth $715,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in JBL. Sanctuary Advisors LLC raised its holdings in Jabil by 4.0% in the 4th quarter. Sanctuary Advisors LLC now owns 47,922 shares of the technology company’s stock valued at $6,896,000 after acquiring an additional 1,821 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Jabil by 4.4% in the 4th quarter. Principal Financial Group Inc. now owns 143,266 shares of the technology company’s stock valued at $20,616,000 after purchasing an additional 5,993 shares during the period. J.W. Cole Advisors Inc. grew its stake in shares of Jabil by 17.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 2,062 shares of the technology company’s stock valued at $297,000 after purchasing an additional 305 shares during the period. Allworth Financial LP grew its position in Jabil by 38.9% during the 4th quarter. Allworth Financial LP now owns 432 shares of the technology company’s stock worth $62,000 after acquiring an additional 121 shares during the last quarter. Finally, Principal Securities Inc. grew its position in Jabil by 240.8% during the 4th quarter. Principal Securities Inc. now owns 9,599 shares of the technology company’s stock worth $1,381,000 after acquiring an additional 6,782 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JBL. UBS Group increased their price target on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Barclays raised 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. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group lifted their price target on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $153.17.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the sale, the executive vice president now owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of the business’s 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 directly owns 119,108 shares in the company, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock worth $12,804,458 over the last three months. Corporate insiders own 1.73% of the company’s stock.

Jabil Trading Up 0.6 %

Shares of JBL stock opened at $169.60 on Monday. 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 Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The firm has a 50 day moving average price of $153.88 and a two-hundred day moving average price of $130.85. The company has a market capitalization of $18.52 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.64 and a beta of 1.23.

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

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders 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 yield of 0.19%. Jabil’s dividend payout ratio is currently 3.07%.

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).