Jabil Inc. (NYSE:JBL) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in Jabil Inc. (NYSE:JBLFree Report) by 58.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,504 shares of the technology company’s stock after selling 37,634 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Jabil were worth $3,363,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Jupiter Asset Management Ltd. acquired a new stake in shares of Jabil during the third quarter worth about $2,257,000. Artisan Partners Limited Partnership acquired a new stake in shares of Jabil during the third quarter worth about $124,319,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Jabil by 1,311.0% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 166,338 shares of the technology company’s stock worth $21,107,000 after purchasing an additional 154,549 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Jabil by 15.3% during the third quarter. HighTower Advisors LLC now owns 69,937 shares of the technology company’s stock worth $8,895,000 after buying an additional 9,305 shares during the period. Finally, Pathstone Family Office LLC increased its stake in shares of Jabil by 19.7% during the third quarter. Pathstone Family Office LLC now owns 21,266 shares of the technology company’s stock worth $2,698,000 after buying an additional 3,503 shares during the period. Institutional investors and hedge funds own 92.88% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on JBL shares. Barclays dropped their price target on shares of Jabil from $153.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 17th. Stifel Nicolaus increased their price target on shares of Jabil from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, December 15th. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Jabil from $150.00 to $146.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $135.88.

Check Out Our Latest Research Report on JBL

Insider Activity

In other news, Director David M. Stout sold 31,300 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $123.12, for a total value of $3,853,656.00. Following the completion of the sale, the director now directly owns 67,300 shares in the company, valued at approximately $8,285,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Steven D. Borges sold 14,175 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $1,842,750.00. Following the completion of the sale, the chief executive officer now owns 103,086 shares in the company, valued at $13,401,180. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David M. Stout sold 31,300 shares of the company’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 directly owns 67,300 shares of the company’s stock, valued at $8,285,976. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,658 shares of company stock worth $7,011,771. 2.62% of the stock is currently owned by insiders.

Jabil Stock Performance

Jabil stock opened at $140.44 on Tuesday. The stock’s 50 day moving average price is $127.00 and its 200 day moving average price is $121.48. The firm has a market capitalization of $17.91 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 1.37 and a beta of 1.40. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.73 and a current ratio of 1.12. Jabil Inc. has a one year low of $74.16 and a one year high of $142.44.

Jabil (NYSE:JBLGet Free Report) last released its quarterly earnings results on Thursday, December 14th. The technology company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.58 by $0.02. The firm had revenue of $8.39 billion for the quarter, compared to analyst estimates of $8.35 billion. Jabil had a return on equity of 41.09% and a net margin of 2.36%. Jabil’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 EPS. As a group, sell-side analysts expect that Jabil Inc. will post 8.49 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 4th. Shareholders of record on Thursday, February 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Wednesday, February 14th. Jabil’s payout ratio is 5.46%.

Jabil Company Profile

(Free Report)

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).

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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