Stanley Laman Group Ltd. Reduces Stake in Jabil Inc. (NYSE:JBL)

Stanley Laman Group Ltd. cut its holdings in shares of Jabil Inc. (NYSE:JBL) by 18.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,514 shares of the technology company’s stock after selling 6,395 shares during the period. Stanley Laman Group Ltd.’s holdings in Jabil were worth $3,880,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Savant Capital LLC grew its position in shares of Jabil by 1.9% in 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 period. MassMutual Private Wealth & Trust FSB grew its holdings in Jabil by 21.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 565 shares of the technology company’s stock worth $77,000 after purchasing an additional 99 shares during the period. Utah Retirement Systems increased its stake in shares of Jabil by 0.5% during the fourth quarter. Utah Retirement Systems now owns 18,382 shares of the technology company’s stock valued at $2,645,000 after purchasing an additional 100 shares in the last quarter. Atlas Capital Advisors Inc. increased its stake in shares of Jabil by 1.0% during the fourth quarter. Atlas Capital Advisors Inc. now owns 10,463 shares of the technology company’s stock valued at $1,506,000 after purchasing an additional 105 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock valued at $30,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Insiders Place Their Bets

In other Jabil news, CEO Michael Dastoor sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total value of $1,699,000.00. Following the sale, the chief executive officer now directly owns 221,693 shares of the company’s stock, valued at approximately $37,665,640.70. This trade represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $166.75, for a total transaction of $3,335,000.00. Following the completion of the sale, the chairman now directly owns 1,710,192 shares of the company’s stock, valued at approximately $285,174,516. The trade was a 1.16% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,000 shares of company stock valued at $7,665,200. Insiders own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the subject of a number of analyst reports. Wall Street Zen raised Jabil from a “hold” rating to a “buy” rating in a research report on Monday, May 19th. UBS Group raised their price target on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 21st. JPMorgan Chase & Co. dropped their price target on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Barclays increased their price objective on shares of Jabil from $184.00 to $206.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, The Goldman Sachs Group lifted their target price on shares of Jabil from $165.00 to $188.00 and gave the stock a “buy” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $169.17.

Jabil Price Performance

Shares of NYSE:JBL opened at $179.09 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The firm has a market cap of $19.22 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.65 and a beta of 1.14. The business has a 50-day simple moving average of $154.43 and a two-hundred day simple moving average of $150.46. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $180.16.

Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.68 earnings per share. On average, analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date was Thursday, May 15th. Jabil’s dividend payout ratio (DPR) is presently 7.66%.

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).