Y Intercept Hong Kong Ltd Cuts Stock Holdings in Jabil Inc. (NYSE:JBL)

Y Intercept Hong Kong Ltd decreased its position in Jabil Inc. (NYSE:JBL) by 81.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,781 shares of the technology company’s stock after selling 58,817 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Jabil were worth $1,983,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bleakley Financial Group LLC lifted its position in Jabil by 2.2% in the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock valued at $471,000 after purchasing an additional 70 shares during the last quarter. Greenleaf Trust lifted its position in Jabil by 1.3% in the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock valued at $816,000 after purchasing an additional 72 shares during the last quarter. Resonant Capital Advisors LLC lifted its position in Jabil by 3.3% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock valued at $365,000 after purchasing an additional 80 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Jabil by 6.0% during the third quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock valued at $195,000 after acquiring an additional 90 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in shares of Jabil by 2.9% during the third quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock valued at $387,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays upped their target price on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a report on Tuesday. 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 report on Monday. UBS Group upped their target price on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Finally, Stifel Nicolaus restated a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.83.

Jabil Price Performance

Shares of JBL stock opened at $157.38 on Wednesday. The stock has a market cap of $17.18 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 1.65 and a beta of 1.23. The business’s fifty day moving average is $158.18 and its 200 day moving average is $133.98. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. 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 (NYSE:JBL) last released its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping 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 firm had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same period in the prior year, the firm posted $2.60 earnings per share. The company’s quarterly revenue was down 16.6% on a year-over-year basis. Research analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.20%. Jabil’s dividend payout ratio is currently 3.07%.

Insider Transactions at Jabil

In other news, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the transaction, the director now directly owns 5,900 shares of the company’s stock, valued at $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 12,900 shares in the company, valued at approximately $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,400 shares of company stock valued at $12,804,458. Insiders own 1.73% of the company’s stock.

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).