Teachers Retirement System of The State of Kentucky trimmed its stake in shares of Jabil (NYSE:JBL) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,195 shares of the technology company’s stock after selling 21,800 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.13% of Jabil worth $6,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its holdings in Jabil by 4.1% in the fourth quarter. BlackRock Inc. now owns 15,673,789 shares of the technology company’s stock worth $411,435,000 after purchasing an additional 616,359 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Jabil by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,980,736 shares of the technology company’s stock worth $170,778,000 after purchasing an additional 29,530 shares in the last quarter. LSV Asset Management increased its holdings in Jabil by 18.7% in the fourth quarter. LSV Asset Management now owns 4,725,209 shares of the technology company’s stock worth $124,036,000 after purchasing an additional 745,305 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Jabil by 31.8% in the fourth quarter. Bank of New York Mellon Corp now owns 3,167,430 shares of the technology company’s stock worth $83,147,000 after purchasing an additional 763,647 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Jabil by 24.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,283,225 shares of the technology company’s stock worth $59,934,000 after purchasing an additional 442,361 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.
A number of equities research analysts have weighed in on the company. Goldman Sachs lowered their target price on Jabil to $24.00 and set a “sell” rating for the company in a report on Friday, January 26th. Zacks Investment Research downgraded Jabil from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. Argus upgraded 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. Raymond James Financial reiterated a “hold” rating on shares of Jabil in a report on Thursday, December 14th. Finally, Standpoint Research upgraded Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Jabil presently has an average rating of “Hold” and a consensus price target of $32.90.
Shares of NYSE JBL traded down $0.62 during midday trading on Friday, hitting $27.95. 1,387,360 shares of the stock traded hands, compared to its average volume of 2,740,119. The company has a market cap of $5,006.48, a price-to-earnings ratio of 15.11, a P/E/G ratio of 1.16 and a beta of 0.41. Jabil has a one year low of $23.70 and a one year high of $31.77. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 0.95.
Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, March 15th. The technology company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.04. The firm had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $4.91 billion. Jabil had a return on equity of 14.31% and a net margin of 0.60%. The company’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. equities research analysts anticipate that Jabil will post 2.05 earnings per share for the current year.
In related news, President William E. Peters sold 13,915 shares of Jabil stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $27.61, for a total transaction of $384,193.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas A. Sansone sold 15,000 shares of Jabil stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $29.88, for a total value of $448,200.00. Following the transaction, the director now directly owns 184,188 shares in the company, valued at approximately $5,503,537.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,981 shares of company stock valued at $2,908,603. Corporate insiders own 2.60% of the company’s stock.
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Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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).
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