Two Sigma Investments LP Decreases Stake in Jabil Inc. (NYSE:JBL)

Two Sigma Investments LP cut its stake in shares of Jabil Inc. (NYSE:JBL) by 73.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 277,588 shares of the technology company’s stock after selling 763,673 shares during the quarter. Two Sigma Investments LP’s holdings in Jabil were worth $39,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in Jabil by 70,781.4% during the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company’s stock worth $835,876,000 after acquiring an additional 5,800,535 shares during the period. Norges Bank purchased a new position in shares of Jabil in the fourth quarter worth about $218,430,000. Point72 Asset Management L.P. raised its stake in shares of Jabil by 1,007.6% in the fourth quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company’s stock worth $138,954,000 after purchasing an additional 878,444 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted 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 period. Finally, FMR LLC boosted its position in Jabil by 8.1% in the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company’s stock valued at $796,220,000 after buying an additional 416,841 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of the business’s stock in a transaction that occurred 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 directly owns 1,730,192 shares in the company, valued at $227,624,059.52. The trade was a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Dastoor sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total value of $1,699,000.00. Following the transaction, the chief executive officer now directly owns 221,693 shares of the company’s stock, valued at approximately $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. Corporate insiders own 1.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on JBL. UBS Group raised their price target on shares of Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. cut their price objective on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Barclays raised their target price on shares of Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. The Goldman Sachs Group decreased their target price on shares of Jabil from $175.00 to $146.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, StockNews.com raised Jabil from a “hold” rating to a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.50.

Jabil Trading Up 0.0%

Jabil stock opened at $167.47 on Wednesday. The firm has a market cap of $17.98 billion, a PE ratio of 16.06, a P/E/G ratio of 1.65 and a beta of 1.11. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The stock’s 50 day simple moving average is $142.79 and its two-hundred day simple moving average is $145.91. 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 (NYSE:JBL) last posted its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.40 billion. During the same period in the previous year, the business posted $1.68 EPS. The business’s revenue was down .6% compared to the same quarter last year. Analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. Jabil’s dividend payout ratio (DPR) is currently 7.66%.

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).