Stanley Laman Group Ltd. Lowers Stock Position in Jabil Inc. (NYSE:JBL)

Stanley Laman Group Ltd. lessened its stake in shares of Jabil Inc. (NYSE:JBL) by 22.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 34,909 shares of the technology company’s stock after selling 9,899 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Jabil were worth $5,023,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Meyer Handelman Co. bought a new position in Jabil during the fourth quarter worth about $7,334,000. Davis Investment Partners LLC bought a new stake in Jabil during the fourth quarter valued at approximately $1,433,000. Nicola Wealth Management LTD. lifted its position in Jabil by 54.9% during the third quarter. Nicola Wealth Management LTD. now owns 39,500 shares of the technology company’s stock valued at $4,733,000 after purchasing an additional 14,000 shares during the last quarter. Merit Financial Group LLC bought a new stake in Jabil during the fourth quarter valued at approximately $235,000. Finally, Foster & Motley Inc. lifted its position in Jabil by 8.7% during the third quarter. Foster & Motley Inc. now owns 52,173 shares of the technology company’s stock valued at $6,252,000 after purchasing an additional 4,181 shares during the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on JBL shares. Barclays lifted their target price on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Stifel Nicolaus reiterated a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. UBS Group lifted their target price on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their target price on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Jabil currently has a consensus rating of “Moderate Buy” and an average target price of $153.17.

Jabil Trading Up 0.9 %

Jabil stock opened at $168.88 on Thursday. The firm has a 50 day moving average of $152.54 and a 200 day moving average of $129.90. The firm has a market capitalization of $18.44 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 1.64 and a beta of 1.23. Jabil Inc. has a 12-month low of $95.85 and a 12-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.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same period in the prior year, the company posted $2.60 EPS. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. As a group, research analysts predict that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. Jabil’s dividend payout ratio is currently 3.07%.

Insider Activity

In other Jabil news, Director John C. Plant sold 50,000 shares of the stock in a transaction on 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 sale, the director now owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the sale, the director now owns 12,900 shares in the company, valued at approximately $2,093,283. The trade was a 20.86 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,400 shares of company stock worth $12,804,458. 1.73% of the stock is currently owned by insiders.

Jabil Company 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).