Stephens Inc. AR Has $284,000 Holdings in Jabil Inc. (NYSE:JBL)

Stephens Inc. AR trimmed its stake in shares of Jabil Inc. (NYSE:JBL) by 30.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,977 shares of the technology company’s stock after selling 850 shares during the period. Stephens Inc. AR’s holdings in Jabil were worth $284,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in Jabil during the 3rd quarter worth about $32,000. Brooklyn Investment Group bought a new position in shares of Jabil during the 3rd quarter worth approximately $39,000. GHP Investment Advisors Inc. acquired a new position in shares of Jabil during the 4th quarter worth approximately $43,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Jabil by 30.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock worth $67,000 after acquiring an additional 109 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new stake in Jabil in the 3rd quarter valued at $70,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the sale, the executive vice president now owns 138,472 shares in the company, valued at $20,744,490.32. The trade was a 2.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John C. Plant sold 50,000 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the transaction, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock worth $12,804,458 over the last quarter. Company insiders own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

JBL has been the topic of several research reports. Barclays upped their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Stifel Nicolaus restated a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. The Goldman Sachs Group increased their target price on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, UBS Group boosted their price target on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $153.17.

Jabil Stock Up 0.6 %

Shares of NYSE:JBL opened at $169.60 on Monday. The business has a fifty day simple moving average of $153.88 and a 200 day simple moving average of $130.85. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The firm has a market cap of $18.52 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.64 and a beta of 1.23. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion for 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 firm’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.60 earnings per share. Analysts predict that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s dividend payout ratio is presently 3.07%.

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).