Swiss National Bank Decreases Position in Jabil Inc. (NYSE:JBL)

Swiss National Bank lowered its holdings in Jabil Inc. (NYSE:JBL) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 320,400 shares of the technology company’s stock after selling 16,300 shares during the period. Swiss National Bank’s holdings in Jabil were worth $46,106,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bleakley Financial Group LLC boosted its holdings 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 holdings in Jabil by 1.3% during the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock worth $816,000 after buying an additional 72 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in Jabil by 3.3% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock worth $365,000 after buying an additional 80 shares during the last quarter. Lifestyle Asset Management Inc. lifted its holdings in Jabil by 1.0% during the 4th quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company’s stock worth $1,384,000 after buying an additional 95 shares during the last quarter. Finally, Savant Capital LLC lifted its holdings in Jabil by 1.9% during the 4th quarter. Savant Capital LLC now owns 5,332 shares of the technology company’s stock worth $767,000 after buying an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Stock Up 4.3 %

JBL opened at $136.07 on Monday. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The stock has a market cap of $14.86 billion, a P/E ratio of 13.05, a P/E/G ratio of 1.65 and a beta of 1.19. The stock’s 50 day moving average price is $157.27 and its 200 day moving average price is $137.21.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate 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 last year, the firm 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 earnings per share for the current year.

Jabil Dividend Announcement

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

Wall Street Analyst Weigh In

JBL has been the topic of a number of research analyst reports. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. UBS Group increased their target price on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. The Goldman Sachs Group increased their price target on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Finally, Barclays increased their price target on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and an average price target of $158.83.

Insider Activity at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction on 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 directly owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of the 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 of the company’s stock, 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. Insiders have sold a total of 77,400 shares of company stock worth $12,804,458 in the last three months. 1.73% of the stock is owned by company 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).