Jabil Inc. (NYSE:JBL) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its holdings in shares of Jabil Inc. (NYSE:JBL) by 14.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 28,194 shares of the technology company’s stock after selling 4,950 shares during the quarter. Corient Private Wealth LLC’s holdings in Jabil were worth $4,057,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Jabil in the fourth quarter worth about $27,000. Brooklyn Investment Group bought a new stake in Jabil in the third quarter worth about $39,000. First Horizon Advisors Inc. raised its position in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after acquiring an additional 130 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in Jabil in the fourth quarter worth about $43,000. Finally, Smartleaf Asset Management LLC raised its position in Jabil by 113.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock worth $43,000 after acquiring an additional 158 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on JBL shares. The Goldman Sachs Group boosted their price target on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Stifel Nicolaus reiterated a “buy” rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. UBS Group boosted their price objective on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Jabil presently has an average rating of “Moderate Buy” and a consensus target price of $167.50.

Jabil Trading Up 0.8 %

NYSE:JBL opened at $145.02 on Friday. 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 fifty-two week low of $95.85 and a fifty-two week high of $174.80. The stock’s 50-day moving average is $155.96 and its two-hundred day moving average is $138.15. The stock has a market cap of $15.83 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19.

Jabil (NYSE:JBL) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same quarter in the previous year, the business posted $1.68 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities research analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.08 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.22%. Jabil’s payout ratio is 3.07%.

Insider Activity at Jabil

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the business’s 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 completion of the sale, the executive vice president now owns 138,472 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Also, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were 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 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. In the last quarter, insiders sold 77,400 shares of company stock valued at $12,804,458. 1.73% of the stock is owned by corporate insiders.

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).