Paloma Partners Management Co trimmed its stake in shares of Jabil Inc (NYSE:JBL) by 41.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,459 shares of the technology company’s stock after selling 63,772 shares during the period. Paloma Partners Management Co owned 0.05% of Jabil worth $2,401,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. HBK Investments L P grew its stake in Jabil by 145.9% during the fourth quarter. HBK Investments L P now owns 553,800 shares of the technology company’s stock valued at $14,537,000 after acquiring an additional 328,600 shares in the last quarter. Two Sigma Advisers LP grew its stake in Jabil by 20.6% during the fourth quarter. Two Sigma Advisers LP now owns 707,010 shares of the technology company’s stock valued at $18,559,000 after acquiring an additional 120,555 shares in the last quarter. Premia Global Advisors LLC purchased a new position in Jabil during the fourth quarter valued at $174,000. Ellington Management Group LLC purchased a new position in Jabil during the fourth quarter valued at $974,000. Finally, Stone Ridge Asset Management LLC purchased a new position in Jabil during the fourth quarter valued at $702,000. 99.65% of the stock is owned by institutional investors.
Several research firms recently weighed in on JBL. Goldman Sachs Group cut their target price on shares of Jabil to $24.00 and set a “sell” rating for the company in a research note on Friday, January 26th. Zacks Investment Research raised shares of Jabil from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. Standpoint Research raised shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Argus raised shares of Jabil from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Monday, December 18th. Finally, ValuEngine cut shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Jabil has a consensus rating of “Hold” and an average target price of $32.90.
Jabil Inc (NYSE JBL) opened at $28.27 on Wednesday. Jabil Inc has a 12-month low of $23.70 and a 12-month high of $31.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.50 and a current ratio of 0.95. The company has a market cap of $4,960.92, a price-to-earnings ratio of 49.60, a price-to-earnings-growth ratio of 1.15 and a beta of 0.44.
Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, December 14th. The technology company reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.01. Jabil had a net margin of 0.54% and a return on equity of 12.95%. The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same quarter last year, the business earned $0.69 earnings per share. Jabil’s quarterly revenue was up 9.4% compared to the same quarter last year. equities research analysts forecast that Jabil Inc will post 2.06 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.32 annualized dividend and a yield of 1.13%. Jabil’s dividend payout ratio (DPR) is currently 56.14%.
In other news, SVP Sergio Cadavid sold 12,000 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $28.50, for a total value of $342,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President William E. Peters sold 13,915 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $26.00, for a total transaction of $361,790.00. Following the completion of the sale, the president now owns 608,499 shares of the company’s stock, valued at approximately $15,820,974. The disclosure for this sale can be found here. Insiders have sold 53,745 shares of company stock valued at $1,462,436 in the last quarter. 2.60% of the stock is owned by company insiders.
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Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.
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