AlphaQuest LLC Reduces Stock Position in Jabil Inc. (NYSE:JBL)

AlphaQuest LLC lowered its position in shares of Jabil Inc. (NYSE:JBL) by 70.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 654 shares of the technology company’s stock after selling 1,569 shares during the period. AlphaQuest LLC’s holdings in Jabil were worth $94,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Jabil in the 4th quarter worth $27,000. Brooklyn Investment Group bought a new position in Jabil in the 3rd quarter worth $39,000. First Horizon Advisors Inc. raised its holdings in Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after purchasing an additional 130 shares in the last quarter. GHP Investment Advisors Inc. bought a new position in Jabil in the 4th quarter worth $43,000. Finally, Smartleaf Asset Management LLC raised its holdings in Jabil by 113.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock worth $43,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Trading Down 2.0 %

Jabil stock opened at $135.54 on Wednesday. The stock has a market cap of $14.80 billion, a P/E ratio of 12.99, a PEG 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 Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The firm’s 50 day moving average price is $156.64 and its 200-day moving average price is $137.61.

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 the consensus estimate of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter in the previous year, the business posted $2.60 earnings per share. Jabil’s quarterly revenue was down 16.6% on a year-over-year basis. On average, equities analysts predict that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

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

Analyst Ratings Changes

JBL has been the subject of several research reports. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. The Goldman Sachs Group increased their price target on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. UBS Group increased their price target on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Barclays increased their price target on shares of 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.83.

Insider Activity

In other news, Director Christopher S. Holland sold 3,400 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were 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 in the company, valued at approximately $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $599,240.00. Following the completion of the transaction, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,400 shares of company stock valued at $12,804,458. 1.73% of the stock is currently owned by company insiders.

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).