Jabil Inc. (NYSE:JBL) Shares Sold by South Dakota Investment Council

South Dakota Investment Council trimmed its holdings in shares of Jabil Inc. (NYSE:JBL) by 25.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 54,917 shares of the technology company’s stock after selling 19,000 shares during the quarter. South Dakota Investment Council’s holdings in Jabil were worth $6,996,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. GAMMA Investing LLC acquired a new position in shares of Jabil during the fourth quarter valued at $81,000. California Public Employees Retirement System grew its holdings in Jabil by 2.6% during the fourth quarter. California Public Employees Retirement System now owns 784,669 shares of the technology company’s stock worth $99,967,000 after acquiring an additional 19,611 shares during the period. Monument Capital Management grew its holdings in Jabil by 9.0% during the fourth quarter. Monument Capital Management now owns 20,770 shares of the technology company’s stock worth $2,646,000 after acquiring an additional 1,716 shares during the period. Duality Advisers LP grew its holdings in Jabil by 2.2% during the fourth quarter. Duality Advisers LP now owns 20,526 shares of the technology company’s stock worth $2,615,000 after acquiring an additional 447 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Jabil by 19.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,114 shares of the technology company’s stock worth $1,543,000 after acquiring an additional 1,957 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Trading Down 0.4 %

Shares of NYSE:JBL traded down $0.45 during midday trading on Wednesday, reaching $120.44. The company had a trading volume of 659,236 shares, compared to its average volume of 1,349,977. Jabil Inc. has a 1-year low of $75.48 and a 1-year high of $156.94. The firm has a market cap of $14.53 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. The company has a fifty day simple moving average of $137.25 and a two-hundred day simple moving average of $131.02.

Jabil (NYSE:JBL) last announced its quarterly earnings data 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 return on equity of 39.47% and a net margin of 4.70%. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.91 billion. Research analysts predict that Jabil Inc. will post 7.83 earnings per share for the current year.

Jabil Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Gerald Creadon sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the completion of the sale, the executive vice president now directly owns 65,434 shares of the company’s stock, valued at approximately $8,874,159.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Gerald Creadon sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $135.62, for a total transaction of $406,860.00. Following the completion of the sale, the executive vice president now directly owns 65,434 shares of the company’s stock, valued at approximately $8,874,159.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP May Yee Yap sold 7,877 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $139.65, for a total value of $1,100,023.05. Following the sale, the senior vice president now directly owns 29,006 shares of the company’s stock, valued at $4,050,687.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 107,177 shares of company stock worth $13,678,039. 2.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of research analyst reports. StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a report on Tuesday. Argus lowered Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Barclays lowered their target price on Jabil from $151.00 to $149.00 and set an “overweight” rating on the stock in a report on Monday, March 18th. Finally, The Goldman Sachs Group lifted their target price on Jabil from $141.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, March 4th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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).