Natixis Advisors L.P. Sells 5,701 Shares of Jabil Inc. (NYSE:JBL)

Natixis Advisors L.P. cut its holdings in Jabil Inc. (NYSE:JBL) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,713 shares of the technology company’s stock after selling 5,701 shares during the period. Natixis Advisors L.P. owned approximately 0.08% of Jabil worth $13,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. FMR LLC lifted its position in shares of Jabil by 15.9% during the 3rd quarter. FMR LLC now owns 10,525,084 shares of the technology company’s stock valued at $1,335,528,000 after acquiring an additional 1,440,857 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of Jabil in the 3rd quarter valued at about $124,319,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in Jabil in the 3rd quarter valued at about $57,818,000. Ceredex Value Advisors LLC boosted its holdings in Jabil by 72,212.5% in the fourth quarter. Ceredex Value Advisors LLC now owns 289,250 shares of the technology company’s stock worth $36,850,000 after acquiring an additional 288,850 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Jabil during the third quarter worth approximately $35,172,000. 93.39% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Gerald Creadon sold 3,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total transaction of $406,860.00. Following the sale, the executive vice president now owns 65,434 shares in the company, valued at approximately $8,874,159.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Jabil news, EVP Gerald Creadon sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total transaction of $406,860.00. Following the transaction, the executive vice president now directly owns 65,434 shares in the company, valued at $8,874,159.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP May Yee Yap sold 7,877 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the transaction, the senior vice president now directly owns 29,006 shares in the company, valued at approximately $4,050,687.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,877 shares of company stock worth $9,824,383. 2.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on JBL. Barclays lowered their price objective on shares of Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a report on Monday, March 18th. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. The Goldman Sachs Group lifted their price objective on shares of Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $144.50.

Jabil Stock Down 1.3 %

JBL stock opened at $117.43 on Wednesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. The company has a market capitalization of $14.16 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 1.25 and a beta of 1.42. Jabil Inc. has a fifty-two week low of $77.22 and a fifty-two week high of $156.94. The stock has a fifty day moving average of $132.87 and a 200-day moving average of $129.83.

Jabil (NYSE:JBL) last released its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.01). Jabil had a return on equity of 39.47% and a net margin of 4.70%. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.91 billion. As a group, equities research analysts predict that Jabil Inc. will post 7.83 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Jabil’s dividend payout ratio is currently 2.75%.

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).