South Dakota Investment Council Trims Holdings in Jabil Inc. (NYSE:JBL)

South Dakota Investment Council trimmed its position in Jabil Inc. (NYSE:JBL) by 19.0% in the 4th quarter, HoldingsChannel reports. The firm owned 140,846 shares of the technology company’s stock after selling 32,994 shares during the quarter. South Dakota Investment Council’s holdings in Jabil were worth $20,268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Bleakley Financial Group LLC raised its stake in shares of Jabil by 2.2% in the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock worth $471,000 after purchasing an additional 70 shares during the last quarter. Greenleaf Trust grew its holdings in Jabil by 1.3% during the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock worth $816,000 after acquiring an additional 72 shares during the period. Resonant Capital Advisors LLC grew its holdings in Jabil by 3.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock worth $365,000 after acquiring an additional 80 shares during the period. Van ECK Associates Corp grew its holdings in Jabil by 6.0% during the third quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock worth $195,000 after acquiring an additional 90 shares during the period. Finally, Verdence Capital Advisors LLC grew its holdings in Jabil by 2.9% during the third quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock worth $387,000 after acquiring an additional 91 shares during the period. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the transaction, the director now owns 119,108 shares in the company, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction on Friday, January 24th. The shares were 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. This represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is owned by corporate insiders.

Jabil Stock Performance

Shares of NYSE:JBL opened at $162.54 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. The business’s 50 day moving average price is $157.22 and its 200-day moving average price is $132.95. The firm has a market capitalization of $17.75 billion, a PE ratio of 15.58, a P/E/G ratio of 1.65 and a beta of 1.23. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80.

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

Jabil Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently commented on JBL. Barclays raised their target price on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. The Goldman Sachs Group raised their price objective on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. UBS Group raised their price objective on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a report 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $153.17.

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).