Symmetry Partners LLC Sells 4,369 Shares of Jabil Inc. (NYSE:JBL)

Symmetry Partners LLC reduced its holdings in Jabil Inc. (NYSE:JBL) by 53.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,848 shares of the technology company’s stock after selling 4,369 shares during the period. Symmetry Partners LLC’s holdings in Jabil were worth $419,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Benjamin Edwards Inc. acquired a new position in Jabil during the 1st quarter valued at $25,000. Activest Wealth Management bought a new stake in shares of Jabil in the first quarter valued at about $28,000. ORG Partners LLC acquired a new stake in Jabil during the first quarter worth about $29,000. Alaska Permanent Fund Corp bought a new position in Jabil during the fourth quarter valued at about $29,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in Jabil in the 4th quarter valued at approximately $32,000. 93.39% of the stock is owned by institutional investors.

Insider Activity at Jabil

In other news, EVP Frederic E. Mccoy sold 1,250 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $116.42, for a total value of $145,525.00. Following the transaction, the executive vice president now owns 112,753 shares of the company’s stock, valued at approximately $13,126,704.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Jabil news, EVP Frederic E. Mccoy sold 1,250 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $116.42, for a total transaction of $145,525.00. Following the completion of the sale, the executive vice president now owns 112,753 shares in the company, valued at approximately $13,126,704.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP May Yee Yap sold 4,274 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $117.04, for a total value of $500,228.96. Following the completion of the transaction, the senior vice president now owns 24,829 shares in the company, valued at $2,905,986.16. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by company insiders.

Jabil Price Performance

Shares of NYSE JBL traded up $0.24 during mid-day trading on Friday, hitting $102.13. 678,549 shares of the stock were exchanged, compared to its average volume of 1,481,743. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $156.94. The stock’s fifty day simple moving average is $112.16 and its two-hundred day simple moving average is $123.97. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 1.13. The company has a market cap of $11.59 billion, a P/E ratio of 9.30, a PEG ratio of 1.95 and a beta of 1.27.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, June 20th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.53 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. The business’s revenue was down 20.2% on a year-over-year basis. During the same period last year, the firm posted $1.85 EPS. As a group, analysts forecast that Jabil Inc. will post 7.86 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.31%. Jabil’s dividend payout ratio (DPR) is currently 2.91%.

Analysts Set New Price Targets

A number of research analysts recently commented on JBL shares. Bank of America cut their target price on Jabil from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, June 21st. UBS Group reduced their price objective on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, June 21st. Barclays lowered their target price on shares of Jabil from $149.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. JPMorgan Chase & Co. cut their price target on shares of Jabil from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, June 17th. Finally, StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $142.63.

About Jabil

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).