Yousif Capital Management LLC lessened its position in shares of Jabil Inc. (NYSE:JBL – Get Rating) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,746 shares of the technology company’s stock after selling 1,554 shares during the period. Yousif Capital Management LLC owned about 0.05% of Jabil worth $4,961,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in JBL. Invesco Ltd. increased its holdings in Jabil by 230.6% during the 1st quarter. Invesco Ltd. now owns 1,863,230 shares of the technology company’s stock worth $115,018,000 after purchasing an additional 1,299,593 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Jabil by 239.1% in the 2nd quarter. Prudential Financial Inc. now owns 924,838 shares of the technology company’s stock valued at $48,052,000 after acquiring an additional 652,083 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Jabil in the 1st quarter valued at about $23,055,000. Hallmark Capital Management Inc. bought a new position in shares of Jabil in the 3rd quarter valued at about $18,174,000. Finally, Allianz Asset Management GmbH grew its holdings in shares of Jabil by 26.6% in the 2nd quarter. Allianz Asset Management GmbH now owns 858,930 shares of the technology company’s stock valued at $43,986,000 after acquiring an additional 180,560 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on JBL. The Goldman Sachs Group raised their price objective on Jabil from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday. StockNews.com began coverage on shares of Jabil in a research note on Thursday. They issued a “buy” rating for the company. Citigroup raised their target price on shares of Jabil from $80.00 to $85.00 in a research note on Friday, December 16th. Credit Suisse Group raised their target price on shares of Jabil from $90.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, February 21st. Finally, UBS Group began coverage on shares of Jabil in a research note on Tuesday, December 13th. They issued a “neutral” rating and a $76.00 target price for the company. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Jabil has an average rating of “Buy” and a consensus price target of $92.20.
Jabil Trading Up 0.8 %
Jabil (NYSE:JBL – Get Rating) last issued its quarterly earnings data on Thursday, December 15th. The technology company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.28). The company had revenue of $9.64 billion for the quarter, compared to analyst estimates of $9.28 billion. Jabil had a return on equity of 40.43% and a net margin of 2.83%. As a group, analysts predict that Jabil Inc. will post 7.81 earnings per share for the current year.
Jabil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 2nd. Shareholders of record on Wednesday, February 15th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 14th. This represents a $0.32 annualized dividend and a yield of 0.41%. Jabil’s dividend payout ratio (DPR) is presently 4.64%.
Insiders Place Their Bets
In other news, SVP Francis Mckay sold 1,500 shares of Jabil stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $75.00, for a total value of $112,500.00. Following the completion of the sale, the senior vice president now directly owns 52,281 shares in the company, valued at $3,921,075. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Gerald Creadon sold 14,297 shares of Jabil stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $70.75, for a total value of $1,011,512.75. Following the completion of the sale, the executive vice president now directly owns 60,965 shares in the company, valued at $4,313,273.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Francis Mckay sold 1,500 shares of Jabil stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $75.00, for a total transaction of $112,500.00. Following the completion of the sale, the senior vice president now owns 52,281 shares of the company’s stock, valued at $3,921,075. The disclosure for this sale can be found here. Insiders sold 197,562 shares of company stock worth $14,936,641 over the last three months. Insiders own 2.75% of the company’s stock.
Jabil Company Profile
Jabil, Inc engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries.
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