Leuthold Group LLC Has $9.37 Million Stock Position in Jabil Inc. (NYSE:JBL)

Leuthold Group LLC cut its position in Jabil Inc. (NYSE:JBL) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,116 shares of the technology company’s stock after selling 2,367 shares during the quarter. Jabil makes up about 1.1% of Leuthold Group LLC’s holdings, making the stock its 21st biggest position. Leuthold Group LLC’s holdings in Jabil were worth $9,370,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Transcend Capital Advisors LLC grew its position in shares of Jabil by 8.5% in the fourth quarter. Transcend Capital Advisors LLC now owns 1,982 shares of the technology company’s stock valued at $285,000 after purchasing an additional 155 shares during the last quarter. Cromwell Holdings LLC grew its holdings in Jabil by 412.7% in the 4th quarter. Cromwell Holdings LLC now owns 364 shares of the technology company’s stock valued at $52,000 after buying an additional 293 shares during the last quarter. Handelsbanken Fonder AB increased its position in Jabil by 511.3% in the 4th quarter. Handelsbanken Fonder AB now owns 198,348 shares of the technology company’s stock worth $28,542,000 after buying an additional 165,900 shares during the period. Ieq Capital LLC lifted its holdings in shares of Jabil by 249.4% during the fourth quarter. Ieq Capital LLC now owns 30,624 shares of the technology company’s stock worth $4,407,000 after buying an additional 21,860 shares during the last quarter. Finally, Abacus Planning Group Inc. bought a new stake in shares of Jabil in the fourth quarter valued at approximately $235,000. Institutional investors own 93.39% of the company’s stock.

Insider Buying and Selling

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the sale, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. This represents a 2.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction on Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the transaction, the director now owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock worth $12,804,458 in the last quarter. 1.73% of the stock is owned by corporate insiders.

Jabil Stock Down 2.2 %

Shares of JBL opened at $162.54 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a 50-day moving average price of $157.22 and a two-hundred day moving average price of $132.72. The stock has a market cap of $17.75 billion, a price-to-earnings ratio of 15.58, a P/E/G ratio of 1.68 and a beta of 1.23. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter last year, the company earned $2.60 EPS. Jabil’s revenue was down 16.6% on a year-over-year basis. Equities analysts predict that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s payout ratio is 3.07%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Stifel Nicolaus restated a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. UBS Group increased their target price on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Barclays lifted their target price on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group upped their price target on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $153.17.

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).