Oregon Public Employees Retirement Fund lowered its holdings in shares of Jabil Inc (NYSE:JBL) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,970 shares of the technology company’s stock after selling 8,488 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Jabil were worth $1,511,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of JBL. LSV Asset Management boosted its stake in shares of Jabil by 12.2% in the 4th quarter. LSV Asset Management now owns 6,166,202 shares of the technology company’s stock valued at $152,860,000 after purchasing an additional 670,383 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Jabil by 321.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 542,200 shares of the technology company’s stock valued at $13,441,000 after purchasing an additional 413,400 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Jabil by 22,540.4% in the 3rd quarter. Bessemer Group Inc. now owns 339,606 shares of the technology company’s stock valued at $9,196,000 after purchasing an additional 338,106 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of Jabil by 13.5% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,627,577 shares of the technology company’s stock valued at $71,155,000 after purchasing an additional 311,905 shares in the last quarter. Finally, Primecap Management Co. CA boosted its stake in shares of Jabil by 6.8% in the 3rd quarter. Primecap Management Co. CA now owns 3,832,187 shares of the technology company’s stock valued at $103,776,000 after purchasing an additional 243,075 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.
Several equities research analysts have recently commented on the stock. ValuEngine downgraded shares of Jabil from a “hold” rating to a “sell” rating in a research note on Monday, November 12th. Citigroup reduced their target price on shares of Jabil to $24.00 and set a “sell” rating on the stock in a research note on Tuesday, November 27th. They noted that the move was a valuation call. Wolfe Research assumed coverage on shares of Jabil in a research note on Tuesday, December 11th. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded shares of Jabil from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, January 9th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Jabil from $37.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Jabil presently has an average rating of “Hold” and an average price target of $28.20.
In related news, CEO Michael J. Loparco sold 2,500 shares of Jabil stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $26.40, for a total value of $66,000.00. Following the completion of the transaction, the chief executive officer now directly owns 291,943 shares of the company’s stock, valued at $7,707,295.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael J. Loparco sold 5,000 shares of Jabil stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $25.67, for a total value of $128,350.00. Following the completion of the transaction, the chief executive officer now directly owns 296,943 shares of the company’s stock, valued at $7,622,526.81. The disclosure for this sale can be found here. Insiders sold 13,500 shares of company stock valued at $340,150 over the last ninety days. 2.90% of the stock is currently owned by company insiders.
Shares of Jabil stock traded up $0.01 during trading on Monday, reaching $27.26. The company’s stock had a trading volume of 1,810 shares, compared to its average volume of 1,268,562. The company has a quick ratio of 0.62, a current ratio of 1.02 and a debt-to-equity ratio of 1.31. Jabil Inc has a one year low of $21.49 and a one year high of $31.77. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 0.93 and a beta of 0.60.
Jabil (NYSE:JBL) last released its quarterly earnings results on Tuesday, December 18th. The technology company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.21. Jabil had a return on equity of 19.52% and a net margin of 0.63%. The business had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same period in the previous year, the business posted $0.80 earnings per share. As a group, sell-side analysts anticipate that Jabil Inc will post 2.45 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be issued a $0.08 dividend. The ex-dividend date is Thursday, February 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.17%. Jabil’s dividend payout ratio is 14.75%.
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Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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).
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