Candriam Luxembourg S.C.A. trimmed its holdings in shares of Jabil Inc (NYSE:JBL) by 13.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,301 shares of the technology company’s stock after selling 10,517 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Jabil were worth $1,793,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Alambic Investment Management L.P. purchased a new stake in Jabil during the 4th quarter valued at $215,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Jabil by 47.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,907 shares of the technology company’s stock valued at $234,000 after purchasing an additional 2,853 shares during the last quarter. ETRADE Capital Management LLC purchased a new stake in Jabil during the 3rd quarter valued at $238,000. American Century Companies Inc. purchased a new stake in Jabil during the 3rd quarter valued at $273,000. Finally, State of Alaska Department of Revenue purchased a new stake in Jabil during the 4th quarter valued at $273,000. Institutional investors and hedge funds own 98.82% of the company’s stock.
In related news, SVP Sergio Cadavid sold 12,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $28.50, for a total value of $342,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President William E. Peters sold 13,915 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $26.00, for a total value of $361,790.00. Following the completion of the transaction, the president now directly owns 608,499 shares in the company, valued at $15,820,974. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,830 shares of company stock worth $1,942,383. 2.60% of the stock is owned by insiders.
Several equities analysts have recently weighed in on the company. Raymond James Financial reissued a “hold” rating on shares of Jabil in a report on Thursday, December 14th. ValuEngine cut Jabil from a “strong-buy” rating to a “buy” rating in a report on Monday, December 4th. Argus raised Jabil from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Monday, December 18th. Zacks Investment Research cut Jabil from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Finally, Goldman Sachs Group lowered their price target on Jabil to $24.00 and set a “sell” rating on the stock in a report on Friday, January 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Jabil currently has an average rating of “Hold” and an average price target of $32.27.
Jabil Inc (NYSE JBL) opened at $26.38 on Wednesday. Jabil Inc has a twelve month low of $23.70 and a twelve month high of $31.70. The company has a market capitalization of $4,620.00, a price-to-earnings ratio of 45.48, a P/E/G ratio of 1.07 and a beta of 0.53. The company has a quick ratio of 0.50, a current ratio of 0.95 and a debt-to-equity ratio of 0.72.
Jabil (NYSE:JBL) last announced its earnings results on Thursday, December 14th. The technology company reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.01. Jabil had a return on equity of 12.95% and a net margin of 0.54%. The company had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the firm earned $0.69 EPS. Jabil’s revenue for the quarter was up 9.4% compared to the same quarter last year. analysts anticipate that Jabil Inc will post 2.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.21%. Jabil’s dividend payout ratio is currently 55.17%.
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Jabil Company Profile
Jabil Inc, formerly Jabil Circuit, Inc, provides electronic manufacturing services and solutions throughout the world. The Company operates in two segments, which include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The Company’s EMS segment is focused on leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics, sharing of its large scale manufacturing infrastructure and the ability to serve a range of markets.
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