Jabil Inc. (NYSE:JBL) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its stake in shares of Jabil Inc. (NYSE:JBL) by 21.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,871 shares of the technology company’s stock after selling 6,395 shares during the quarter. D.A. Davidson & CO.’s holdings in Jabil were worth $3,435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JBL. Creative Planning grew its stake in Jabil by 33.0% during the 3rd quarter. Creative Planning now owns 46,548 shares of the technology company’s stock worth $5,578,000 after purchasing an additional 11,538 shares in the last quarter. Blue Trust Inc. grew its stake in Jabil by 32.2% during the 3rd quarter. Blue Trust Inc. now owns 2,559 shares of the technology company’s stock worth $307,000 after purchasing an additional 623 shares in the last quarter. Raymond James & Associates grew its stake in Jabil by 6.5% during the 3rd quarter. Raymond James & Associates now owns 115,108 shares of the technology company’s stock worth $13,793,000 after purchasing an additional 7,046 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in Jabil during the 3rd quarter worth $241,000. Finally, Private Advisor Group LLC grew its stake in Jabil by 4.9% during the 3rd quarter. Private Advisor Group LLC now owns 2,578 shares of the technology company’s stock worth $309,000 after purchasing an additional 120 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on JBL. UBS Group upped their price objective on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Barclays upped their price objective on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. The Goldman Sachs Group upped their price objective on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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 company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction 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. This represents a 2.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Plant sold 50,000 shares of the company’s 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock valued at $12,804,458 in the last ninety days. Insiders own 1.73% of the company’s stock.

Jabil Stock Down 1.7 %

Jabil stock opened at $166.20 on Friday. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The company has a market capitalization of $18.15 billion, a P/E ratio of 15.94, a PEG ratio of 1.69 and a beta of 1.23. The stock has a 50-day simple moving average of $156.68 and a 200-day simple moving average of $132.27.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating the consensus estimate 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 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 EPS. The business’s quarterly revenue was down 16.6% on a year-over-year basis. Equities research analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.19%. The ex-dividend date is Tuesday, February 18th. Jabil’s dividend payout ratio is presently 3.07%.

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).