Jabil Inc. (NYSE:JBL) Shares Sold by Argent Trust Co

Argent Trust Co decreased its stake in shares of Jabil Inc. (NYSE:JBL) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,285 shares of the technology company’s stock after selling 425 shares during the quarter. Argent Trust Co’s holdings in Jabil were worth $473,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Paralel Advisors LLC grew its holdings in shares of Jabil by 10.0% in the fourth quarter. Paralel Advisors LLC now owns 18,782 shares of the technology company’s stock valued at $2,703,000 after purchasing an additional 1,704 shares during the period. Neuberger Berman Group LLC raised its position in shares of Jabil by 10.0% during the 4th quarter. Neuberger Berman Group LLC now owns 8,607 shares of the technology company’s stock valued at $1,239,000 after buying an additional 784 shares during the period. Bessemer Group Inc. raised its position in shares of Jabil by 1.3% during the 4th quarter. Bessemer Group Inc. now owns 49,056 shares of the technology company’s stock valued at $7,060,000 after buying an additional 645 shares during the period. Raymond James Financial Inc. purchased a new position in Jabil in the fourth quarter worth approximately $43,312,000. Finally, Martingale Asset Management L P acquired a new stake in Jabil during the fourth quarter worth $3,061,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JBL. JPMorgan Chase & Co. increased their price target on Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. UBS Group boosted their price target on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. The Goldman Sachs Group lowered their price objective on shares of Jabil from $175.00 to $146.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Barclays boosted their target price on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Jabil Stock Down 0.1 %

Jabil stock opened at $131.85 on Friday. The firm has a market capitalization of $14.40 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.65 and a beta of 1.12. The stock’s fifty day simple moving average is $146.05 and its 200-day simple moving average is $141.08. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last posted its quarterly 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 company had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned $1.68 earnings per share. As a group, equities analysts expect that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is 7.66%.

Insiders Place Their Bets

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction that occurred 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 transaction, the director now owns 12,900 shares of the company’s stock, valued at $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John C. Plant sold 50,000 shares of the 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 of the company’s stock, valued at $1,018,045. The trade was a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is owned by corporate 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).