Jabil, Inc. $JBL Shares Sold by Colonial Trust Advisors

Colonial Trust Advisors trimmed its position in shares of Jabil, Inc. (NYSE:JBL) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,300 shares of the technology company’s stock after selling 150 shares during the period. Colonial Trust Advisors’ holdings in Jabil were worth $1,129,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its stake in shares of Jabil by 84.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 13,568 shares of the technology company’s stock valued at $1,846,000 after acquiring an additional 6,225 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Jabil by 8.1% during the first quarter. Envestnet Asset Management Inc. now owns 242,977 shares of the technology company’s stock valued at $33,062,000 after acquiring an additional 18,126 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in Jabil by 7.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,326 shares of the technology company’s stock valued at $453,000 after purchasing an additional 217 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Jabil during the 1st quarter valued at approximately $214,000. Finally, QRG Capital Management Inc. grew its stake in Jabil by 2.3% during the 1st quarter. QRG Capital Management Inc. now owns 5,978 shares of the technology company’s stock valued at $813,000 after purchasing an additional 132 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Stock Performance

Jabil stock opened at $215.83 on Tuesday. The company has a market cap of $23.16 billion, a PE ratio of 41.91, a P/E/G ratio of 1.50 and a beta of 1.20. The company has a fifty day moving average price of $215.13 and a two-hundred day moving average price of $173.33. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64. Jabil, Inc. has a 12 month low of $99.67 and a 12 month high of $232.84.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.28 by $0.27. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The business had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same period in the previous year, the business posted $1.89 EPS. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Research analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, August 15th. This represents a yield of 14.0%. Jabil’s payout ratio is currently 6.21%.

Analysts Set New Price Targets

A number of brokerages have weighed in on JBL. Stifel Nicolaus began coverage on Jabil in a research note on Wednesday, July 2nd. They set a “buy” rating and a $245.00 price objective for the company. Barclays raised their price target on shares of Jabil from $206.00 to $223.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 17th. Bank of America raised their price target on shares of Jabil from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, June 20th. Wall Street Zen lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $230.00 price objective (up from $170.00) on shares of Jabil in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Jabil presently has a consensus rating of “Buy” and a consensus price target of $231.71.

Insider Buying and Selling at Jabil

In other news, EVP Andrew Priestley sold 13,913 shares of the business’s stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the completion of the transaction, the executive vice president owned 53,528 shares of the company’s stock, valued at approximately $10,875,283.76. The trade was a 20.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Mark T. Mondello sold 150,000 shares of the business’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $193.33, for a total transaction of $28,999,500.00. Following the transaction, the chairman directly owned 1,560,192 shares of the company’s stock, valued at approximately $301,631,919.36. This trade represents a 8.77% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 332,847 shares of company stock worth $66,534,847. 1.73% of the stock is owned by company insiders.

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).