Jabil Inc. (NYSE:JBL) Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC cut its stake in shares of Jabil Inc. (NYSE:JBL) by 16.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,681 shares of the technology company’s stock after selling 331 shares during the period. Foundations Investment Advisors LLC’s holdings in Jabil were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Jabil in the 3rd quarter worth $32,000. Brooklyn Investment Group acquired a new stake in Jabil in the third quarter valued at about $39,000. Matrix Trust Co boosted its holdings in Jabil by 135.4% in the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after purchasing an additional 214 shares in the last quarter. Armstrong Advisory Group Inc. increased its position in Jabil by 114.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after purchasing an additional 228 shares during the period. Finally, Sound Income Strategies LLC raised its stake in shares of Jabil by 945.7% during the 3rd quarter. Sound Income Strategies LLC now owns 481 shares of the technology company’s stock worth $58,000 after buying an additional 435 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Jabil Trading Down 0.2 %

Shares of JBL opened at $162.36 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.60 and a beta of 1.23. The firm has a 50 day simple moving average of $147.70 and a 200-day simple moving average of $126.87.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.60 earnings per share. Equities analysts forecast that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.20%. Jabil’s dividend payout ratio is currently 3.07%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Barclays upped their price objective on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a report on Wednesday. UBS Group boosted their price objective on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. The Goldman Sachs Group increased their target price on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Jabil has an average rating of “Moderate Buy” and a consensus price target of $153.17.

Insider Transactions at Jabil

In other Jabil news, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $172.55, for a total value of $8,627,500.00. Following the completion of the sale, the director now owns 5,900 shares in the company, valued at $1,018,045. The trade was a 89.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 74,000 shares of company stock worth $12,252,740 over the last ninety days. 1.73% of the stock is currently owned by corporate insiders.

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).