Nicola Wealth Management LTD. Sells 6,000 Shares of Jabil Inc. (NYSE:JBL)

Nicola Wealth Management LTD. lowered its stake in shares of Jabil Inc. (NYSE:JBL) by 15.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,500 shares of the technology company’s stock after selling 6,000 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Jabil were worth $4,821,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in JBL. Pacer Advisors Inc. lifted its holdings in shares of Jabil by 12,251.7% during the third quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock worth $264,391,000 after buying an additional 2,188,521 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of Jabil by 406.5% in the third quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock valued at $86,613,000 after purchasing an additional 580,100 shares in the last quarter. FMR LLC raised its stake in shares of Jabil by 11.3% in the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock valued at $613,087,000 after purchasing an additional 520,672 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Jabil by 595.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company’s stock valued at $41,118,000 after purchasing an additional 293,801 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in shares of Jabil by 511.3% in the fourth quarter. Handelsbanken Fonder AB now owns 198,348 shares of the technology company’s stock valued at $28,542,000 after purchasing an additional 165,900 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Stifel Nicolaus restated a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. UBS Group upped their target price on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group upped their target price on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Finally, Barclays upped their target price on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and a consensus price target of $158.83.

Insider Transactions at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction 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 sale, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the sale, the director now owns 119,108 shares in the company, valued at $18,021,040.40. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,400 shares of company stock worth $12,804,458. Insiders own 1.73% of the company’s stock.

Jabil Stock Performance

Jabil stock opened at $146.21 on Tuesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The stock has a fifty day moving average price of $158.96 and a two-hundred day moving average price of $135.37. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The firm has a market capitalization of $15.96 billion, a P/E ratio of 14.02, a P/E/G ratio of 1.65 and a beta of 1.23.

Jabil (NYSE:JBL) last released its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.12. The firm had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.60 earnings per share. As a group, analysts anticipate that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s payout ratio is presently 3.07%.

Jabil 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).