Jabil Inc. (NYSE:JBL) Shares Sold by Ifrah Financial Services Inc.

Ifrah Financial Services Inc. lowered its position in shares of Jabil Inc. (NYSE:JBL) by 5.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,696 shares of the technology company’s stock after selling 347 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Jabil were worth $726,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in JBL. Alaska Permanent Fund Corp acquired a new stake in Jabil during the fourth quarter worth $29,000. CVA Family Office LLC purchased a new position in Jabil during the fourth quarter worth about $36,000. Valley National Advisers Inc. acquired a new stake in shares of Jabil during the fourth quarter valued at about $36,000. Hanseatic Management Services Inc. purchased a new stake in shares of Jabil in the 3rd quarter valued at approximately $48,000. Finally, Allworth Financial LP lifted its holdings in shares of Jabil by 745.8% in the 4th quarter. Allworth Financial LP now owns 406 shares of the technology company’s stock worth $52,000 after acquiring an additional 358 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Stock Up 1.7 %

Shares of JBL traded up $1.96 during midday trading on Friday, reaching $117.22. The stock had a trading volume of 1,104,012 shares, compared to its average volume of 1,379,948. Jabil Inc. has a 1-year low of $75.48 and a 1-year high of $156.94. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.17 and a quick ratio of 0.72. The company has a market cap of $14.14 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 1.25 and a beta of 1.42. The company’s fifty day simple moving average is $133.80 and its two-hundred day simple moving average is $130.00.

Jabil (NYSE:JBL) last posted its earnings results on Friday, March 15th. The technology company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.01). Jabil had a net margin of 4.70% and a return on equity of 39.47%. The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Equities research analysts expect that Jabil Inc. will post 7.83 earnings per share for the current year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Jabil’s dividend payout ratio is currently 2.75%.

Insider Transactions at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total transaction of $6,304,500.00. Following the completion of the sale, the chairman now directly owns 1,809,194 shares of the company’s stock, valued at approximately $228,121,271.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Mark T. Mondello sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $126.09, for a total value of $6,304,500.00. Following the completion of the sale, the chairman now directly owns 1,809,194 shares of the company’s stock, valued at approximately $228,121,271.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $139.65, for a total transaction of $1,100,023.05. Following the completion of the sale, the senior vice president now owns 29,006 shares of the company’s stock, valued at approximately $4,050,687.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,877 shares of company stock worth $9,824,383. Insiders own 2.62% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of research analyst reports. Argus lowered Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group increased their target price on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Barclays dropped their target price on Jabil from $151.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, March 18th. Finally, StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Jabil presently has a consensus rating of “Buy” and a consensus target price of $144.50.

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).