Teza Capital Management LLC Decreases Holdings in Jabil Inc. (NYSE:JBL)

Teza Capital Management LLC lowered its position in Jabil Inc. (NYSE:JBL) by 81.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,052 shares of the technology company’s stock after selling 13,016 shares during the quarter. Teza Capital Management LLC’s holdings in Jabil were worth $439,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of Jabil by 70,781.4% in the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock worth $835,876,000 after purchasing an additional 5,800,535 shares during the period. Norges Bank purchased a new position in Jabil in the 4th quarter worth $218,430,000. Point72 Asset Management L.P. increased its holdings in Jabil by 1,007.6% in the 4th quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company’s stock worth $138,954,000 after buying an additional 878,444 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Jabil by 16,190.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company’s stock worth $79,539,000 after purchasing an additional 549,347 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Jabil by 8.1% in the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company’s stock worth $796,220,000 after buying an additional 416,841 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

JBL has been the subject of several recent analyst reports. UBS Group boosted their price target on shares of Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Barclays upped their target price on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, March 21st. The Goldman Sachs Group decreased their price target on Jabil from $175.00 to $146.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. lowered their price target on Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $158.50.

Insider Buying and Selling

In other news, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the completion of the sale, the chairman now owns 1,730,192 shares of the company’s stock, valued at $227,624,059.52. The trade was a 1.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Dastoor sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total value of $1,699,000.00. Following the completion of the transaction, the chief executive officer now owns 221,693 shares of the company’s stock, valued at $37,665,640.70. The trade was a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.73% of the company’s stock.

Jabil Trading Down 0.3%

Shares of JBL opened at $167.21 on Tuesday. The firm’s 50-day moving average is $142.05 and its two-hundred day moving average is $145.76. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $17.95 billion, a P/E ratio of 16.03, a PEG ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the previous year, the business earned $1.68 earnings per share. Jabil’s quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts predict that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be given a $0.08 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.19%. Jabil’s dividend payout ratio is presently 7.66%.

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).