Jabil Inc. (NYSE:JBL) Stock Holdings Cut by Leuthold Group LLC

Leuthold Group LLC lessened its position in Jabil Inc. (NYSE:JBL) by 3.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,116 shares of the technology company’s stock after selling 2,367 shares during the period. Jabil makes up 1.1% of Leuthold Group LLC’s holdings, making the stock its 21st largest position. Leuthold Group LLC owned about 0.06% of Jabil worth $9,370,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in Jabil in the third quarter worth about $32,000. Brooklyn Investment Group bought a new stake in shares of Jabil in the 3rd quarter worth approximately $39,000. GHP Investment Advisors Inc. bought a new stake in shares of Jabil in the 4th quarter worth approximately $43,000. Cromwell Holdings LLC lifted its stake in Jabil by 412.7% during the fourth quarter. Cromwell Holdings LLC now owns 364 shares of the technology company’s stock valued at $52,000 after purchasing an additional 293 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in Jabil by 38.9% during the fourth quarter. Allworth Financial LP now owns 432 shares of the technology company’s stock worth $62,000 after buying an additional 121 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Trading Down 2.2 %

NYSE:JBL opened at $162.54 on Friday. The stock has a market cap of $17.75 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.23. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The stock’s 50-day moving average is $157.22 and its two-hundred day moving average is $132.72.

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

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Jabil news, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction that occurred on Friday, January 31st. The shares were 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 directly owns 12,900 shares in the company, valued at $2,093,283. The trade was a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the transaction, the executive vice president now owns 138,472 shares in the company, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,400 shares of company stock worth $12,804,458. Corporate insiders own 1.73% of the company’s stock.

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).