Victory Capital Management Inc. Sells 147,225 Shares of Jabil Inc. (NYSE:JBL)

Victory Capital Management Inc. trimmed its position in shares of Jabil Inc. (NYSE:JBL) by 37.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 245,593 shares of the technology company’s stock after selling 147,225 shares during the quarter. Victory Capital Management Inc. owned about 0.19% of Jabil worth $31,289,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Alaska Permanent Fund Corp bought a new stake in shares of Jabil during the fourth quarter valued at approximately $29,000. CVA Family Office LLC bought a new stake in shares of Jabil in the 4th quarter worth $36,000. Valley National Advisers Inc. purchased a new position in shares of Jabil in the fourth quarter worth $36,000. Hanseatic Management Services Inc. bought a new position in shares of Jabil during the third quarter valued at $48,000. Finally, Allworth Financial LP boosted its position in shares of Jabil by 745.8% during the fourth quarter. Allworth Financial LP now owns 406 shares of the technology company’s stock valued at $52,000 after buying an additional 358 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Stock Performance

NYSE:JBL opened at $117.43 on Wednesday. The stock has a 50-day moving average price of $132.87 and a 200 day moving average price of $129.83. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 1.08. Jabil Inc. has a 12-month low of $77.22 and a 12-month high of $156.94. The stock has a market capitalization of $14.16 billion, a P/E ratio of 10.08, a P/E/G ratio of 1.25 and a beta of 1.42.

Jabil (NYSE:JBL) last announced its quarterly earnings data 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). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.91 billion. Equities research analysts forecast that Jabil Inc. will post 7.83 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently disclosed 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. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Tuesday, May 14th. Jabil’s dividend payout ratio (DPR) is presently 2.75%.

Insider Buying and Selling at Jabil

In related news, SVP May Yee Yap sold 7,877 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the sale, the senior vice president now directly owns 29,006 shares in the company, valued at $4,050,687.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Jabil news, Chairman Mark T. Mondello sold 50,000 shares of Jabil stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $126.09, for a total value of $6,304,500.00. Following the completion of the transaction, the chairman now directly owns 1,809,194 shares of the company’s stock, valued at approximately $228,121,271.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP May Yee Yap sold 7,877 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the sale, the senior vice president now owns 29,006 shares in the company, valued at $4,050,687.90. The disclosure for this sale can be found here. Insiders sold 75,877 shares of company stock valued at $9,824,383 in the last 90 days. Insiders own 2.62% of the company’s stock.

Wall Street Analyst Weigh In

JBL has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Barclays lowered their target price on 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 raised Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, Argus cut Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Jabil currently has an average rating of “Buy” and an average price target of $144.50.

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).