Jabil Inc. (NYSE:JBL) Shares Sold by Forsta AP Fonden

Forsta AP Fonden trimmed its stake in Jabil Inc. (NYSE:JBL) by 11.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,381 shares of the technology company’s stock after selling 5,500 shares during the quarter. Forsta AP Fonden’s holdings in Jabil were worth $4,828,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in JBL. Private Advisor Group LLC raised its holdings in shares of Jabil by 73.6% in the fourth quarter. Private Advisor Group LLC now owns 2,288 shares of the technology company’s stock worth $291,000 after acquiring an additional 970 shares during the last quarter. Principal Securities Inc. acquired a new position in Jabil in the fourth quarter valued at $51,000. BNP Paribas Financial Markets increased its stake in Jabil by 229.9% in the fourth quarter. BNP Paribas Financial Markets now owns 40,999 shares of the technology company’s stock valued at $5,223,000 after purchasing an additional 28,572 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Jabil by 137.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 127,056 shares of the technology company’s stock valued at $16,181,000 after purchasing an additional 73,600 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Jabil by 6.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,128 shares of the technology company’s stock valued at $2,054,000 after purchasing an additional 912 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jabil

In related news, EVP Frederic E. Mccoy sold 1,250 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Frederic E. Mccoy sold 1,250 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $116.42, for a total value of $145,525.00. Following the completion of the transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at $13,126,704.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP May Yee Yap sold 4,274 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following the completion of the transaction, the senior vice president now directly owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on JBL. Bank of America dropped their target price on Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, June 21st. JPMorgan Chase & Co. dropped their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Barclays lowered their price target on Jabil from $149.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Finally, UBS Group lowered their price target on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.13.

Jabil Price Performance

JBL stock opened at $105.90 on Friday. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $156.94. The stock has a 50-day moving average price of $107.43 and a two-hundred day moving average price of $118.98. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26. The company has a market cap of $12.01 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25.

Jabil (NYSE:JBL) last issued its earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.53 billion. During the same quarter in the prior year, the business earned $1.85 earnings per share. The company’s revenue was down 20.2% compared to the same quarter last year. As a group, research analysts predict that Jabil Inc. will post 7.86 EPS for the current year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Thursday, August 15th. Jabil’s dividend payout ratio is currently 2.91%.

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).