Louisiana State Employees Retirement System Trims Stock Position in Jabil Inc. (NYSE:JBL)

Louisiana State Employees Retirement System reduced its stake in shares of Jabil Inc. (NYSE:JBL) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,100 shares of the technology company’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Jabil were worth $878,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in Jabil during the 3rd quarter valued at $32,000. Brooklyn Investment Group purchased a new stake in shares of Jabil in the 3rd quarter worth about $39,000. GHP Investment Advisors Inc. purchased a new stake in shares of Jabil in the 4th quarter worth about $43,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Jabil by 30.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the technology company’s stock worth $67,000 after buying an additional 109 shares during the period. Finally, Intact Investment Management Inc. purchased a new stake in shares of Jabil in the 3rd quarter worth about $70,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on JBL. Barclays increased their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Stifel Nicolaus reissued 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 upped their target price on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group upped their target price on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $153.17.

Insider Buying and Selling at Jabil

In related news, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction on 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 sale, the director now owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. 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 three months. 1.73% of the stock is currently owned by corporate insiders.

Jabil Trading Up 0.6 %

Jabil stock opened at $169.60 on Tuesday. The firm has a 50 day moving average of $154.59 and a 200 day moving average of $131.28. The firm has a market capitalization of $18.52 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 1.64 and a beta of 1.23. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same period last year, the firm posted $2.60 EPS. The company’s revenue was down 16.6% on a year-over-year basis. As a group, research analysts predict that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

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