Central Pacific Bank Trust Division Has $111,000 Stock Holdings in Jabil Inc. (NYSE:JBL)

Central Pacific Bank Trust Division trimmed its position in Jabil Inc. (NYSE:JBL) by 20.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 924 shares of the technology company’s stock after selling 242 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Jabil were worth $111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Benjamin Edwards Inc. bought a new stake in Jabil during the 1st quarter valued at approximately $25,000. HHM Wealth Advisors LLC bought a new stake in shares of Jabil in the second quarter valued at approximately $28,000. ORG Partners LLC acquired a new stake in shares of Jabil in the first quarter worth $29,000. Innealta Capital LLC bought a new position in Jabil during the second quarter worth $31,000. Finally, Riverview Trust Co acquired a new position in Jabil during the 1st quarter valued at $33,000. 93.39% of the stock is owned by institutional investors.

Insider Transactions at Jabil

In other news, SVP May Yee Yap sold 4,274 shares of Jabil stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $117.04, for a total value of $500,228.96. Following the sale, the senior vice president now directly owns 24,829 shares in the company, valued at $2,905,986.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP May Yee Yap sold 4,274 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total value of $500,228.96. Following the completion of the sale, the senior vice president now owns 24,829 shares of the company’s stock, valued at approximately $2,905,986.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $116.42, for a total transaction of $145,525.00. Following the sale, the executive vice president now directly owns 112,753 shares in the company, valued at $13,126,704.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,524 shares of company stock valued at $1,120,554 over the last three months. Company insiders own 2.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on JBL shares. Stifel Nicolaus increased their target price on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Barclays lifted their price objective on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. UBS Group cut their target price on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. Bank of America boosted their price target on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Jabil has an average rating of “Moderate Buy” and a consensus target price of $145.86.

Jabil Price Performance

Shares of JBL opened at $121.66 on Friday. The stock has a 50 day simple moving average of $108.04 and a 200 day simple moving average of $116.09. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $156.94. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. The firm has a market capitalization of $13.80 billion, a PE ratio of 11.07, a P/E/G ratio of 2.23 and a beta of 1.25.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. Jabil had a net margin of 4.63% and a return on equity of 40.30%. The firm’s revenue was down 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.34 earnings per share. Sell-side analysts predict that Jabil Inc. will post 7.85 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were issued a $0.08 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. Jabil’s dividend payout ratio (DPR) 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).