Tredje AP fonden Sells 10,026 Shares of Jabil Inc. (NYSE:JBL)

Tredje AP fonden trimmed its stake in Jabil Inc. (NYSE:JBL) by 50.0% in the fourth quarter, Holdings Channel reports. The firm owned 10,027 shares of the technology company’s stock after selling 10,026 shares during the quarter. Tredje AP fonden’s holdings in Jabil were worth $1,443,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Meyer Handelman Co. bought a new stake in Jabil in the 4th quarter valued at $7,334,000. Davis Investment Partners LLC bought a new stake in Jabil in the 4th quarter valued at $1,433,000. Truist Financial Corp boosted its stake in Jabil by 50.4% in the 4th quarter. Truist Financial Corp now owns 12,037 shares of the technology company’s stock valued at $1,732,000 after purchasing an additional 4,034 shares during the period. Merit Financial Group LLC bought a new stake in Jabil in the 4th quarter valued at $235,000. Finally, Principal Financial Group Inc. boosted its stake in Jabil by 4.4% in the 4th quarter. Principal Financial Group Inc. now owns 143,266 shares of the technology company’s stock valued at $20,616,000 after purchasing an additional 5,993 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the transaction, the executive vice president now owns 138,472 shares of the company’s stock, valued at $20,744,490.32. This represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher S. Holland sold 3,400 shares of the company’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 completion of the transaction, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,400 shares of company stock valued at $12,804,458 in the last 90 days. Corporate insiders own 1.73% of the company’s stock.

Jabil Price Performance

Shares of JBL stock opened at $136.07 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The company has a market cap 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 business has a fifty day simple moving average of $157.27 and a 200 day simple moving average of $136.79.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.61 billion. During the same period in the prior year, the company earned $2.60 EPS. Jabil’s revenue for the quarter was down 16.6% on a year-over-year basis. On average, sell-side analysts forecast that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently issued reports on JBL. UBS Group boosted their price target on Jabil from $128.00 to $152.00 and gave the company 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 Tuesday, February 25th. The Goldman Sachs Group upped their target price on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Barclays upped their target price on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Jabil currently has a consensus rating of “Moderate Buy” and an average target price of $158.83.

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).