Paradiem LLC Lowers Holdings in Jabil Inc. (NYSE:JBL)

Paradiem LLC cut its position in Jabil Inc. (NYSE:JBL) by 37.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 27,792 shares of the technology company’s stock after selling 16,675 shares during the quarter. Paradiem LLC’s holdings in Jabil were worth $3,541,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JBL. FMR LLC lifted its stake in Jabil by 15.9% in the 3rd quarter. FMR LLC now owns 10,525,084 shares of the technology company’s stock worth $1,335,528,000 after purchasing an additional 1,440,857 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in Jabil in the 3rd quarter worth approximately $124,319,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Jabil during the 3rd quarter valued at $57,818,000. Ceredex Value Advisors LLC raised its position in shares of Jabil by 72,212.5% during the 4th quarter. Ceredex Value Advisors LLC now owns 289,250 shares of the technology company’s stock valued at $36,850,000 after buying an additional 288,850 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Jabil during the 3rd quarter valued at $35,172,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on JBL shares. Argus cut shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. 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. StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Finally, The Goldman Sachs Group raised their price objective 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. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $144.50.

Jabil Trading Down 0.2 %

NYSE:JBL traded down $0.21 during trading hours on Friday, reaching $118.27. The company’s stock had a trading volume of 1,940,101 shares, compared to its average volume of 1,202,460. The firm has a market capitalization of $14.26 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 1.26 and a beta of 1.40. The firm has a 50-day simple moving average of $135.97 and a 200-day simple moving average of $130.73. Jabil Inc. has a 1 year low of $75.48 and a 1 year high of $156.94. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17.

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 the consensus estimate of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. Research analysts expect that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Jabil’s dividend payout ratio (DPR) is presently 2.75%.

Insiders Place Their Bets

In other Jabil news, Director David M. Stout sold 31,300 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $123.12, for a total value of $3,853,656.00. Following the sale, the director now owns 67,300 shares of the company’s stock, valued at approximately $8,285,976. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Kenneth S. Wilson sold 15,000 shares of Jabil stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total transaction of $2,013,000.00. Following the sale, the chief executive officer now owns 339,725 shares of the company’s stock, valued at approximately $45,591,095. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David M. Stout sold 31,300 shares of Jabil stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $123.12, for a total transaction of $3,853,656.00. Following the sale, the director now directly owns 67,300 shares in the company, valued at approximately $8,285,976. The disclosure for this sale can be found here. Insiders have sold a total of 107,177 shares of company stock valued at $13,678,039 in the last quarter. Insiders own 2.62% of the company’s stock.

Jabil 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).