California State Teachers Retirement System Reduces Stake in Jabil Inc (JBL)

California State Teachers Retirement System cut its holdings in Jabil Inc (NYSE:JBL) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 304,525 shares of the technology company’s stock after selling 23,625 shares during the period. California State Teachers Retirement System owned 0.17% of Jabil worth $8,694,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its stake in shares of Jabil by 3.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 744,390 shares of the technology company’s stock worth $21,729,000 after buying an additional 25,047 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Jabil by 29.3% in the 2nd quarter. SG Americas Securities LLC now owns 50,876 shares of the technology company’s stock worth $1,485,000 after buying an additional 11,515 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Jabil by 5.0% in the 2nd quarter. Legal & General Group Plc now owns 914,334 shares of the technology company’s stock worth $26,688,000 after buying an additional 43,628 shares in the last quarter. Aviva PLC grew its stake in shares of Jabil by 1.2% in the 2nd quarter. Aviva PLC now owns 106,208 shares of the technology company’s stock worth $3,100,000 after buying an additional 1,250 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Jabil by 468.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 100,449 shares of the technology company’s stock worth $2,933,000 after buying an additional 82,774 shares in the last quarter. 94.70% of the stock is owned by institutional investors.

Jabil Inc (JBL) opened at $27.44 on Friday. The stock has a market cap of $4,850.00, a P/E ratio of 47.31, a PEG ratio of 1.10 and a beta of 0.55. Jabil Inc has a 12-month low of $22.78 and a 12-month high of $31.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.50.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, December 14th. The technology company reported $0.80 EPS for the quarter, beating the 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 analysts’ expectations of $5.50 billion. During the same period in the previous year, the business posted $0.69 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. research analysts forecast that Jabil Inc will post 2.06 earnings per share for the current year.

A number of equities analysts have commented on the stock. Goldman Sachs Group cut shares of Jabil from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $28.00 to $26.00 in a research note on Tuesday, October 10th. Bank of America lowered shares of Jabil from a “buy” rating to a “neutral” rating in a report on Monday, September 25th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Jabil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 28th. ValuEngine lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $30.00 price target on shares of Jabil in a report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $32.45.

In related news, President William E. Peters sold 3,580 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $28.74, for a total value of $102,889.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Erich Hoch sold 2,680 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $28.73, for a total transaction of $76,996.40. Following the completion of the transaction, the chief executive officer now owns 206,943 shares of the company’s stock, valued at $5,945,472.39. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,680 shares of company stock valued at $3,333,646. Company insiders own 2.60% of the company’s stock.

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Jabil Company Profile

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.

Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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