State of New Jersey Common Pension Fund D Has $5.74 Million Stock Position in Jabil Inc. (NYSE:JBL)

State of New Jersey Common Pension Fund D cut its holdings in shares of Jabil Inc. (NYSE:JBL) by 5.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,865 shares of the technology company’s stock after selling 2,170 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Jabil were worth $5,737,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Bleakley Financial Group LLC boosted its position 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 during the period. Greenleaf Trust boosted its position in Jabil by 1.3% during the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock worth $816,000 after acquiring an additional 72 shares during the period. Resonant Capital Advisors LLC boosted its position in Jabil by 3.3% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock worth $365,000 after acquiring an additional 80 shares during the period. Van ECK Associates Corp boosted its position in Jabil by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock worth $195,000 after acquiring an additional 90 shares during the period. Finally, Verdence Capital Advisors LLC boosted its position in Jabil by 2.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock worth $387,000 after acquiring an additional 91 shares during the period. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Stock Down 0.1 %

Shares of JBL stock opened at $169.43 on Wednesday. The stock’s 50 day simple moving average is $155.32 and its 200 day simple moving average is $131.77. 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 Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The company has a market capitalization of $18.50 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 1.64 and a beta of 1.23.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating 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 business had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same period last year, the business earned $2.60 EPS. The firm’s revenue was down 16.6% compared to the same quarter last year. As a group, research analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Tuesday, February 18th. Jabil’s payout ratio is 3.07%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus restated 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. UBS Group raised their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group raised their price target on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Barclays raised their price target on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. 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, Jabil currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.17.

Insider Activity at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction that occurred on 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. The trade was a 14.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John C. Plant sold 50,000 shares of Jabil 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 completion of the transaction, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,400 shares of company stock valued at $12,804,458. Corporate insiders own 1.73% of the company’s stock.

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).