Signaturefd LLC Sells 542 Shares of Jabil Inc. (NYSE:JBL)

Signaturefd LLC lowered its position in Jabil Inc. (NYSE:JBL) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,219 shares of the technology company’s stock after selling 542 shares during the period. Signaturefd LLC’s holdings in Jabil were worth $792,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JBL. Cullen Frost Bankers Inc. bought a new stake in shares of Jabil in the 3rd quarter worth $63,000. Lecap Asset Management Ltd. bought a new position in shares of Jabil during the 4th quarter worth approximately $1,146,000. D.A. Davidson & CO. grew its holdings in shares of Jabil by 15.3% in the third quarter. D.A. Davidson & CO. now owns 29,305 shares of the technology company’s stock valued at $3,719,000 after acquiring an additional 3,887 shares in the last quarter. Deutsche Bank AG increased its position in shares of Jabil by 87.1% during the third quarter. Deutsche Bank AG now owns 185,371 shares of the technology company’s stock valued at $23,522,000 after acquiring an additional 86,285 shares during the last quarter. Finally, Cozad Asset Management Inc. lifted its holdings in Jabil by 21.4% during the third quarter. Cozad Asset Management Inc. now owns 90,828 shares of the technology company’s stock worth $11,525,000 after acquiring an additional 16,038 shares during the period. Institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling

In other news, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the sale, the senior vice president now owns 29,006 shares in the company, valued at approximately $4,050,687.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Jabil news, Director David M. Stout sold 31,300 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the sale, the director now owns 67,300 shares in the company, valued at $8,285,976. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP May Yee Yap sold 7,877 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the completion of the transaction, the senior vice president now owns 29,006 shares of the company’s stock, valued at $4,050,687.90. The disclosure for this sale can be found here. Insiders sold a total of 107,177 shares of company stock worth $13,678,039 over the last ninety days. 2.62% of the stock is owned by corporate insiders.

Jabil Stock Performance

Shares of JBL opened at $119.25 on Tuesday. 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 stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. Jabil Inc. has a 52-week low of $75.48 and a 52-week high of $156.94. The stock’s 50-day simple moving average is $137.60 and its 200 day simple moving average is $131.09.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. Research analysts forecast that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on JBL shares. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. 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 research report on Monday, March 18th. The Goldman Sachs Group increased their target price on shares of Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research 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. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Jabil currently has an average rating of “Moderate Buy” and a consensus price target of $144.50.

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).