Amundi Decreases Stock Position in Jabil Inc. (NYSE:JBL)

Amundi decreased its position in shares of Jabil Inc. (NYSE:JBL) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,531 shares of the technology company’s stock after selling 16,565 shares during the period. Amundi owned about 0.13% of Jabil worth $22,404,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp raised its position in shares of Jabil by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock valued at $195,000 after purchasing an additional 90 shares in the last quarter. Sigma Planning Corp increased its position in shares of Jabil by 16.7% in the 3rd quarter. Sigma Planning Corp now owns 2,698 shares of the technology company’s stock worth $323,000 after purchasing an additional 387 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of Jabil by 260.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 902 shares of the technology company’s stock worth $108,000 after purchasing an additional 652 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of Jabil by 4.2% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 4,798 shares of the technology company’s stock valued at $575,000 after purchasing an additional 193 shares in the last quarter. Finally, Aptus Capital Advisors LLC acquired a new position in Jabil in the third quarter worth about $211,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jabil

In other news, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the sale, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the transaction, the director now directly owns 119,108 shares of the company’s stock, valued at $18,021,040.40. This represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on JBL shares. 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. UBS Group boosted their price target on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group lifted their price objective on shares of Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Jabil has an average rating of “Moderate Buy” and a consensus target price of $158.83.

Jabil Stock Performance

Shares of NYSE JBL opened at $130.45 on Friday. The stock’s fifty day simple moving average is $157.79 and its 200 day simple moving average is $136.65. The stock has a market capitalization of $14.24 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.65 and a beta of 1.19. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same period last year, the company posted $2.60 EPS. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.25%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio is 3.07%.

Jabil 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).