Jabil Inc. (NYSE:JBL) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB decreased its position in Jabil Inc. (NYSE:JBL) by 47.6% in the 4th quarter, Holdings Channel reports. The fund owned 1,518 shares of the technology company’s stock after selling 1,378 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Jabil were worth $218,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Apollon Wealth Management LLC purchased a new position in shares of Jabil during the 4th quarter valued at approximately $272,000. BayBridge Capital Group LLC lifted its stake in Jabil by 4.8% during the fourth quarter. BayBridge Capital Group LLC now owns 9,885 shares of the technology company’s stock worth $1,422,000 after purchasing an additional 449 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Jabil by 2.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,621 shares of the technology company’s stock worth $1,816,000 after purchasing an additional 286 shares during the last quarter. GHP Investment Advisors Inc. bought a new position in Jabil during the fourth quarter worth $43,000. Finally, Bleakley Financial Group LLC lifted its stake in Jabil by 2.2% during the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock worth $471,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Insiders Place Their Bets

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the transaction, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at $20,744,490.32. The trade was a 2.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the director now directly owns 119,108 shares in the company, valued at approximately $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock valued at $12,804,458 in the last three months. Company insiders own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JBL. UBS Group raised their price objective on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Barclays lifted their target price on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Finally, The Goldman Sachs Group lifted their target price on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and an average price target of $153.17.

Jabil Stock Up 0.9 %

Shares of JBL stock opened at $168.88 on Thursday. The stock’s 50 day simple moving average is $152.54 and its 200 day simple moving average is $129.90. 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 $18.44 billion, a price-to-earnings ratio of 16.19, 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s dividend payout ratio is currently 3.07%.

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).