Jabil Inc. (NYSE:JBL) Shares Sold by Brighton Jones LLC

Brighton Jones LLC reduced its stake in Jabil Inc. (NYSE:JBL) by 21.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,045 shares of the technology company’s stock after selling 575 shares during the quarter. Brighton Jones LLC’s holdings in Jabil were worth $261,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of JBL. Cullen Frost Bankers Inc. purchased a new stake in shares of Jabil in the 3rd quarter valued at $63,000. Lecap Asset Management Ltd. purchased a new stake in Jabil in the fourth quarter valued at $1,146,000. D.A. Davidson & CO. grew its position in Jabil by 15.3% during the 3rd quarter. D.A. Davidson & CO. now owns 29,305 shares of the technology company’s stock worth $3,719,000 after purchasing an additional 3,887 shares during the period. Deutsche Bank AG raised its stake in shares of Jabil by 87.1% during the 3rd quarter. Deutsche Bank AG now owns 185,371 shares of the technology company’s stock valued at $23,522,000 after buying an additional 86,285 shares during the last quarter. Finally, Cozad Asset Management Inc. lifted its holdings in shares of Jabil by 21.4% in the 3rd quarter. Cozad Asset Management Inc. now owns 90,828 shares of the technology company’s stock valued at $11,525,000 after buying an additional 16,038 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insider Buying and Selling at Jabil

In related news, Chairman Mark T. Mondello sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the completion of the sale, the chairman now directly owns 1,809,194 shares in the company, valued at $228,121,271.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Jabil news, CEO Kenneth S. Wilson sold 15,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the sale, the chief executive officer now owns 339,725 shares in the company, valued at approximately $45,591,095. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Mark T. Mondello sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total value of $6,304,500.00. Following the transaction, the chairman now owns 1,809,194 shares in the company, valued at $228,121,271.46. The disclosure for this sale can be found here. Insiders sold 75,877 shares of company stock valued at $9,824,383 over the last quarter. 2.62% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on JBL shares. Argus lowered Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. The Goldman Sachs Group boosted their target price on shares of Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Barclays dropped their price target 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. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $144.50.

Jabil Price Performance

Jabil stock opened at $117.19 on Friday. The stock has a market capitalization of $14.13 billion, a P/E ratio of 10.06, a P/E/G ratio of 1.23 and a beta of 1.42. The company’s fifty day moving average price is $134.24 and its 200 day moving average price is $130.19. 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 Inc. has a 1 year low of $75.48 and a 1 year high of $156.94.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.01). The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.91 billion. Jabil had a net margin of 4.70% and a return on equity of 39.47%. As a group, equities research analysts anticipate that Jabil Inc. will post 7.83 earnings per share for the current fiscal year.

Jabil Dividend Announcement

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

Jabil Company 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).