Jabil Inc. (NYSE:JBL) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its position in shares of Jabil Inc. (NYSE:JBL) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,115 shares of the technology company’s stock after selling 595 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Jabil were worth $880,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Jabil during the fourth quarter worth about $27,000. First Horizon Advisors Inc. increased its position in Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after purchasing an additional 130 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Jabil by 113.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock worth $43,000 after buying an additional 158 shares in the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Jabil in the 4th quarter valued at approximately $43,000. Finally, Brooklyn Investment Group acquired a new position in Jabil during the third quarter worth $39,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Transactions at Jabil

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 shares were sold at an average price of $162.27, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Plant sold 50,000 shares of the stock in a transaction on 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 in the company, valued at approximately $1,018,045. This represents a 89.45 % 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 ninety days. 1.73% of the stock is currently owned by corporate insiders.

Jabil Stock Up 0.8 %

JBL stock opened at $145.02 on Monday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The firm has a market capitalization of $15.83 billion, a PE ratio of 13.90, a P/E/G ratio of 1.65 and a beta of 1.19. The company’s 50 day simple moving average is $155.96 and its 200-day simple moving average is $138.39.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter last year, the business posted $1.68 earnings per share. Jabil’s revenue was down .6% compared to the same quarter last year. Equities analysts expect that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.22%. Jabil’s dividend payout ratio is currently 3.07%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on shares of Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a report on Friday. Barclays increased 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. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, UBS Group upped their price target on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.50.

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).