Public Employees Retirement Association of Colorado Has $1.37 Million Stock Holdings in Jabil Inc. (NYSE:JBL)

Public Employees Retirement Association of Colorado reduced its position in shares of Jabil Inc. (NYSE:JBL) by 11.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,629 shares of the technology company’s stock after selling 1,653 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Jabil were worth $1,374,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JBL. Wells Fargo & Company MN lifted its holdings in shares of Jabil by 13.0% during the fourth quarter. Wells Fargo & Company MN now owns 154,314 shares of the technology company’s stock worth $19,660,000 after buying an additional 17,766 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in Jabil by 36.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,339,559 shares of the technology company’s stock valued at $170,660,000 after purchasing an additional 359,818 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Jabil by 141.7% in the 1st quarter. Cetera Investment Advisers now owns 17,350 shares of the technology company’s stock valued at $2,324,000 after purchasing an additional 10,173 shares during the period. Allspring Global Investments Holdings LLC grew its position in Jabil by 30.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 331,373 shares of the technology company’s stock worth $44,387,000 after purchasing an additional 76,573 shares during the last quarter. Finally, Tobam bought a new position in shares of Jabil during the 1st quarter worth about $1,692,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JBL shares. Barclays decreased their target price on Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. UBS Group lowered their price objective on Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Bank of America cut 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. Stifel Nicolaus lowered their price target on shares of Jabil from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and an average price target of $139.88.

Insider Activity

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

Jabil Stock Down 0.2 %

Shares of NYSE:JBL opened at $112.86 on Wednesday. The company’s fifty day moving average is $106.93 and its 200-day moving average is $116.86. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94. The company has a market capitalization of $12.80 billion, a PE ratio of 10.27, a P/E/G ratio of 1.75 and a beta of 1.25.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Thursday, August 15th. Jabil’s payout ratio is 2.91%.

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).