Retirement Systems of Alabama trimmed its position in shares of Jabil Inc (NYSE:JBL) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 228,409 shares of the technology company’s stock after selling 2,865 shares during the quarter. Retirement Systems of Alabama’s holdings in Jabil were worth $5,996,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Stifel Financial Corp lifted its stake in Jabil by 8.1% during the second quarter. Stifel Financial Corp now owns 21,572 shares of the technology company’s stock worth $630,000 after purchasing an additional 1,608 shares in the last quarter. PGGM Investments lifted its stake in Jabil by 2.3% during the third quarter. PGGM Investments now owns 115,712 shares of the technology company’s stock worth $3,304,000 after purchasing an additional 2,621 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in Jabil by 1.9% during the second quarter. Lord Abbett & CO. LLC now owns 150,800 shares of the technology company’s stock worth $4,402,000 after purchasing an additional 2,800 shares in the last quarter. Comerica Bank lifted its stake in Jabil by 1.3% during the third quarter. Comerica Bank now owns 219,804 shares of the technology company’s stock worth $6,133,000 after purchasing an additional 2,853 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Jabil by 47.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,907 shares of the technology company’s stock worth $234,000 after purchasing an additional 2,853 shares in the last quarter. Institutional investors own 98.82% of the company’s stock.
A number of research analysts have commented on JBL shares. Zacks Investment Research cut Jabil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 28th. ValuEngine lowered Jabil from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 4th. Raymond James Financial reaffirmed a “hold” rating on shares of Jabil in a research report on Thursday, December 14th. Argus raised Jabil from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Monday, December 18th. Finally, Goldman Sachs Group cut their price objective on Jabil to $24.00 and set a “sell” rating on the stock in a research report on Friday, January 26th. Two research 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. The company presently has a consensus rating of “Hold” and a consensus target price of $32.27.
Jabil Inc (NYSE JBL) opened at $26.38 on Wednesday. The company has a market capitalization of $4,620.97, a price-to-earnings ratio of 15.70, 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 Inc has a twelve month low of $23.70 and a twelve month high of $31.70.
Jabil (NYSE:JBL) last posted its earnings results on Thursday, December 14th. The technology company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.50 billion. Jabil had a return on equity of 12.95% and a net margin of 0.54%. Jabil’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. equities analysts expect that Jabil Inc will post 2.06 EPS for the current fiscal year.
The firm 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. This represents a $0.32 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, February 14th. Jabil’s dividend payout ratio (DPR) is presently 56.14%.
In related news, President William E. Peters sold 13,915 shares of the 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 transaction, the president now owns 608,499 shares of the company’s stock, valued at $15,820,974. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sergio Cadavid sold 12,000 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $28.50, for a total value of $342,000.00. The disclosure for this sale can be found here. Insiders sold 69,830 shares of company stock worth $1,942,383 in the last three months. 2.60% of the stock is currently owned by corporate insiders.
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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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