Frontier Capital Management Co. LLC Decreases Position in Jabil Inc (JBL)

Frontier Capital Management Co. LLC decreased its position in shares of Jabil Inc (NYSE:JBL) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,309,791 shares of the technology company’s stock after selling 141,648 shares during the quarter. Frontier Capital Management Co. LLC owned 1.32% of Jabil worth $60,632,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. IHT Wealth Management LLC lifted its holdings in shares of Jabil by 142.6% during the second quarter. IHT Wealth Management LLC now owns 359 shares of the technology company’s stock worth $159,000 after purchasing an additional 211 shares during the period. Colonial Trust Advisors lifted its holdings in shares of Jabil by 4.1% during the second quarter. Colonial Trust Advisors now owns 15,400 shares of the technology company’s stock worth $450,000 after purchasing an additional 600 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of Jabil by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 54,550 shares of the technology company’s stock worth $1,592,000 after purchasing an additional 831 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Jabil by 17.2% during the second quarter. PNC Financial Services Group Inc. now owns 9,607 shares of the technology company’s stock worth $281,000 after purchasing an additional 1,413 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of Jabil by 8.1% during the second quarter. Stifel Financial Corp now owns 21,572 shares of the technology company’s stock worth $630,000 after purchasing an additional 1,608 shares during the period. 95.83% of the stock is owned by hedge funds and other institutional investors.

JBL has been the subject of a number of research reports. Argus raised Jabil from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Monday, December 18th. ValuEngine downgraded Jabil from a “strong-buy” rating to a “buy” rating in a report on Monday, December 4th. Goldman Sachs Group downgraded Jabil from a “neutral” rating to a “sell” rating and decreased their price target for the company from $28.00 to $26.00 in a report on Tuesday, October 10th. Zacks Investment Research downgraded Jabil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 28th. Finally, UBS Group reissued a “buy” rating and issued a $35.00 price target on shares of Jabil in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Jabil currently has a consensus rating of “Hold” and a consensus target price of $32.45.

In other news, CEO Mark T. Mondello sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $28.33, for a total value of $849,900.00. Following the completion of the sale, the chief executive officer now directly owns 1,725,499 shares in the company, valued at $48,883,386.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Sergio Cadavid sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $28.50, for a total value of $342,000.00. The disclosure for this sale can be found here. Insiders sold 132,335 shares of company stock valued at $3,738,453 over the last 90 days. Company insiders own 2.60% of the company’s stock.

Jabil Inc (NYSE:JBL) opened at $27.39 on Friday. Jabil Inc has a twelve month low of $22.88 and a twelve month high of $31.70. The stock has a market capitalization of $4,901.34, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 1.13 and a beta of 0.55. 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 results on Thursday, December 14th. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.01. Jabil had a return on equity of 12.95% and a net margin of 0.54%. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the company posted $0.69 earnings per share. Jabil’s revenue for the quarter was up 9.4% on a year-over-year basis. equities research analysts predict that Jabil Inc will post 2.06 EPS for the current fiscal year.

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Jabil 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.

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Institutional Ownership by Quarter for Jabil (NYSE:JBL)

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