Jabil Inc. (NYSE:JBL) Holdings Cut by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its holdings in Jabil Inc. (NYSE:JBL) by 94.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,822 shares of the technology company’s stock after selling 215,575 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Jabil were worth $1,634,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Alaska Permanent Fund Corp bought a new position in Jabil in the fourth quarter worth about $29,000. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Jabil during the fourth quarter valued at approximately $32,000. CVA Family Office LLC bought a new stake in shares of Jabil during the fourth quarter valued at approximately $36,000. Valley National Advisers Inc. bought a new stake in shares of Jabil during the fourth quarter valued at approximately $36,000. Finally, Hanseatic Management Services Inc. bought a new stake in shares of Jabil during the third quarter valued at approximately $48,000. Institutional investors own 93.39% of the company’s stock.

Jabil Trading Up 0.4 %

NYSE JBL opened at $118.22 on Thursday. Jabil Inc. has a twelve month low of $83.64 and a twelve month 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. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 1.46 and a beta of 1.42. The firm’s 50 day moving average price is $125.94 and its two-hundred day moving average price is $129.31.

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

Jabil Announces Dividend

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

Insider Buying and Selling at Jabil

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 transaction of $6,304,500.00. Following the completion of the sale, the chairman now owns 1,809,194 shares of the company’s stock, valued at approximately $228,121,271.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $6,304,500.00. Following the completion of the sale, the chairman now owns 1,809,194 shares of the company’s stock, valued at approximately $228,121,271.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP May Yee Yap sold 7,877 shares of Jabil stock in a transaction on 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 directly owns 29,006 shares of the company’s stock, valued at approximately $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 quarter. Company insiders own 2.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on JBL shares. Barclays cut their price target on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a report on Monday, March 18th. The Goldman Sachs Group lifted their price target on Jabil from $141.00 to $161.00 and gave the company a “buy” rating in a report on Monday, March 4th. Argus lowered shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Jabil has an average rating of “Buy” and an average target price 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).