Jabil Inc. (NYSE:JBL) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its position in Jabil Inc. (NYSE:JBL) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,115 shares of the technology company’s stock after selling 595 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Jabil were worth $880,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC lifted its stake in Jabil by 2.2% during the 4th quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock worth $471,000 after acquiring an additional 70 shares in the last quarter. Greenleaf Trust lifted its position in shares of Jabil by 1.3% during the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock worth $816,000 after purchasing an additional 72 shares in the last quarter. Resonant Capital Advisors LLC boosted its stake in shares of Jabil by 3.3% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock valued at $365,000 after purchasing an additional 80 shares during the period. Lifestyle Asset Management Inc. grew its holdings in shares of Jabil by 1.0% in the fourth quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company’s stock valued at $1,384,000 after purchasing an additional 95 shares in the last quarter. Finally, Savant Capital LLC increased its stake in Jabil by 1.9% during the 4th quarter. Savant Capital LLC now owns 5,332 shares of the technology company’s stock worth $767,000 after buying an additional 99 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on JBL shares. The Goldman Sachs Group boosted their price target on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. JPMorgan Chase & Co. boosted their target price on Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research report on Friday. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, Barclays upped their target price on shares of Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $167.50.

Insider Transactions at Jabil

In other Jabil news, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the transaction, the director now directly owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the sale, the director now directly owns 12,900 shares of the company’s stock, valued at $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,400 shares of company stock worth $12,804,458. Corporate insiders own 1.73% of the company’s stock.

Jabil Price Performance

Shares of NYSE JBL opened at $145.02 on Monday. The stock’s 50-day simple moving average is $155.96 and its 200-day simple moving average is $138.39. The firm has a market capitalization of $15.83 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06.

Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same quarter last year, the company earned $1.68 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities research analysts forecast that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.22%. The ex-dividend date was Tuesday, February 18th. Jabil’s payout ratio is 3.07%.

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).