Gulf International Bank UK Ltd Sells 211 Shares of Jabil Inc. (NYSE:JBL)

Gulf International Bank UK Ltd decreased its position in Jabil Inc. (NYSE:JBL) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,092 shares of the technology company’s stock after selling 211 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Jabil were worth $1,164,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. FMR LLC grew its holdings in shares of Jabil by 11.3% in the 3rd quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after purchasing an additional 520,672 shares during the last quarter. Primecap Management Co. CA grew its holdings in shares of Jabil by 0.3% in the 3rd quarter. Primecap Management Co. CA now owns 3,692,560 shares of the technology company’s stock worth $442,479,000 after purchasing an additional 9,685 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Jabil by 12,251.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock worth $264,391,000 after purchasing an additional 2,188,521 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Jabil by 15.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 903,526 shares of the technology company’s stock worth $108,270,000 after purchasing an additional 118,376 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of Jabil by 406.5% in the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock worth $86,613,000 after purchasing an additional 580,100 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Jabil Stock Up 0.5 %

Shares of NYSE JBL opened at $154.96 on Friday. The firm has a market capitalization of $16.92 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $174.80. The firm’s 50-day moving average is $158.95 and its 200-day moving average is $134.88.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.12. The company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.60 EPS. Equities analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.21%. Jabil’s dividend payout ratio is 3.07%.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of research analyst reports. UBS Group increased 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. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. The Goldman Sachs Group increased their price objective on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Finally, Barclays increased their price objective on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Jabil has an average rating of “Moderate Buy” and an average target price of $158.83.

Insider Activity at Jabil

In related news, Director John C. Plant sold 50,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now owns 12,900 shares in the company, valued at $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock worth $12,804,458 in the last ninety days. Company insiders own 1.73% of the company’s stock.

Jabil Company Profile

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).