Jabil Inc. (NYSE:JBL) Stock Holdings Trimmed by Sentry Investment Management LLC

Sentry Investment Management LLC lessened its holdings in shares of Jabil Inc. (NYSE:JBL) by 42.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 335 shares of the technology company’s stock after selling 244 shares during the quarter. Sentry Investment Management LLC’s holdings in Jabil were worth $48,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Pacer Advisors Inc. boosted its holdings in shares of Jabil by 12,251.7% in the third quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock valued at $264,391,000 after acquiring an additional 2,188,521 shares in the last quarter. Two Sigma Advisers LP lifted its position in Jabil by 406.5% in the third 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 period. FMR LLC boosted its stake in Jabil by 11.3% during the 3rd quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock valued at $613,087,000 after purchasing an additional 520,672 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Jabil by 595.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company’s stock valued at $41,118,000 after purchasing an additional 293,801 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of Jabil by 511.3% in the 4th quarter. Handelsbanken Fonder AB now owns 198,348 shares of the technology company’s stock worth $28,542,000 after buying an additional 165,900 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Insider Activity

In related news, EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the sale, the executive vice president now owns 138,472 shares of the company’s stock, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Plant sold 50,000 shares of the company’s 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 transaction, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. The trade was a 89.45 % 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 90 days. Company insiders own 1.73% of the company’s stock.

Analyst Ratings Changes

JBL has been the subject of several research reports. StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus restated a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Barclays boosted their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. UBS Group raised their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, The Goldman Sachs Group upped their price target on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.83.

Jabil Stock Performance

Jabil stock opened at $153.86 on Friday. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The firm’s 50 day simple moving average is $158.75 and its 200-day simple moving average is $134.29. 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 company has a market cap of $16.80 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23.

Jabil (NYSE:JBL) last announced 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 the consensus estimate of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company’s revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.60 EPS. As a group, equities research analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently announced 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 yield of 0.21%. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Jabil 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).