Jabil Inc. (NYSE:JBL) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its stake in Jabil Inc. (NYSE:JBL) by 4.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,978 shares of the technology company’s stock after selling 295 shares during the quarter. Securian Asset Management Inc.’s holdings in Jabil were worth $860,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of JBL. Sigma Planning Corp grew its holdings in shares of Jabil by 16.7% during the third quarter. Sigma Planning Corp now owns 2,698 shares of the technology company’s stock valued at $323,000 after buying an additional 387 shares in the last quarter. Aptus Capital Advisors LLC purchased a new position in shares of Jabil during the third quarter valued at $211,000. Plato Investment Management Ltd purchased a new position in shares of Jabil during the third quarter valued at $363,000. KBC Group NV grew its holdings in shares of Jabil by 0.6% during the third quarter. KBC Group NV now owns 122,025 shares of the technology company’s stock valued at $14,622,000 after buying an additional 673 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of Jabil by 2.8% during the third quarter. CIBC Asset Management Inc now owns 16,689 shares of the technology company’s stock valued at $2,000,000 after buying an additional 462 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John C. Plant sold 50,000 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the transaction, the director now owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. The trade was a 89.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of the business’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 transaction, the director now directly owns 12,900 shares of the company’s stock, valued at $2,093,283. This represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock valued at $12,804,458 over the last quarter. Insiders own 1.73% of the company’s stock.

Jabil Price Performance

Shares of NYSE:JBL opened at $136.07 on Friday. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The business has a 50-day moving average of $157.27 and a two-hundred day moving average of $137.00. The stock has a market capitalization of $14.86 billion, a P/E ratio of 13.05, a P/E/G ratio of 1.65 and a beta of 1.19. 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 (NYSE:JBL) last announced its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share 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 company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter in the previous year, the firm earned $2.60 earnings per share. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. On average, equities research analysts predict that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. Jabil’s dividend payout ratio is currently 3.07%.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of research analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Barclays lifted their price target on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. UBS Group lifted their price objective on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group lifted their price objective on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Jabil has a consensus rating of “Moderate Buy” and an average target price of $158.83.

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).