Aster Capital Management DIFC Ltd Sells 2,614 Shares of Jabil Inc. (NYSE:JBL)

Aster Capital Management DIFC Ltd lowered its position in shares of Jabil Inc. (NYSE:JBL) by 20.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,970 shares of the technology company’s stock after selling 2,614 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Jabil were worth $1,435,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group lifted their price objective on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. The Goldman Sachs Group increased their price target on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research report on Friday, March 21st. Finally, Barclays raised their target price on Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Jabil currently has an average rating of “Moderate Buy” and an average target price of $167.50.

Jabil Stock Down 5.2 %

Shares of JBL stock opened at $117.13 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The company’s fifty day moving average price is $150.60 and its 200-day moving average price is $140.47. The company has a market capitalization of $12.79 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.65 and a beta of 1.12.

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

Jabil Announces Dividend

The business 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 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is currently 7.66%.

Insider Activity

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the transaction, the director now owns 12,900 shares in the company, valued at $2,093,283. This trade represents a 20.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the sale, the director now directly owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,400 shares of company stock worth $12,205,218 over the last quarter. Insiders own 1.73% of the company’s stock.

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).