Capital Fund Management S.A. Has $30.54 Million Stock Position in Jabil Inc. (NYSE:JBL)

Capital Fund Management S.A. trimmed its position in Jabil Inc. (NYSE:JBL) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 212,260 shares of the technology company’s stock after selling 5,716 shares during the quarter. Capital Fund Management S.A.’s holdings in Jabil were worth $30,544,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Jabil in the fourth quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Jabil in the 4th quarter worth approximately $29,000. Millstone Evans Group LLC bought a new stake in shares of Jabil during the 4th quarter valued at $37,000. First Horizon Advisors Inc. grew its stake in shares of Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after buying an additional 130 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in Jabil during the 4th quarter worth $43,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Stock Performance

JBL stock opened at $137.54 on Thursday. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The company has a market cap of $15.02 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The business’s fifty day moving average is $147.20 and its 200-day moving average is $140.82. 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 earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The business had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.68 EPS. Equities research analysts forecast that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. Jabil’s dividend payout ratio is presently 7.66%.

Wall Street Analyst Weigh In

A number of brokerages have commented on JBL. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a report on Friday, March 21st. JPMorgan Chase & Co. increased their price target on shares of Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, March 21st. Stifel Nicolaus restated a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. The Goldman Sachs Group increased their price objective on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Finally, Barclays lifted their target price on shares of Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, March 21st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and an average target price of $167.50.

Insider Transactions at Jabil

In other news, Director John C. Plant sold 50,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the sale, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,400 shares of company stock valued at $12,205,218. Insiders own 1.73% of the company’s stock.

About Jabil

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).