Royce & Associates LP Sells 146 Shares of Jabil Inc. (NYSE:JBL)

Royce & Associates LP decreased its stake in shares of Jabil Inc. (NYSE:JBL) by 0.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 73,874 shares of the technology company’s stock after selling 146 shares during the period. Royce & Associates LP owned 0.07% of Jabil worth $10,630,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bleakley Financial Group LLC grew its stake in Jabil by 2.2% during the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock valued at $471,000 after acquiring an additional 70 shares in the last quarter. Greenleaf Trust boosted its holdings in Jabil by 1.3% in the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock valued at $816,000 after purchasing an additional 72 shares during the period. Resonant Capital Advisors LLC boosted its holdings in Jabil by 3.3% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock valued at $365,000 after purchasing an additional 80 shares during the period. Lifestyle Asset Management Inc. increased its holdings in shares of Jabil by 1.0% in the fourth quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company’s stock worth $1,384,000 after purchasing an additional 95 shares during the period. Finally, Savant Capital LLC raised its position in shares of Jabil by 1.9% in the fourth quarter. Savant Capital LLC now owns 5,332 shares of the technology company’s stock worth $767,000 after buying an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Trading Up 1.7 %

JBL stock opened at $138.29 on Tuesday. The company has a market capitalization of $15.10 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The company’s 50 day moving average price is $156.99 and its two-hundred day moving average price is $137.42.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter last year, the company earned $2.60 EPS. The firm’s revenue was down 16.6% compared to the same quarter last year. As a group, analysts predict 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 was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.23%. Jabil’s payout ratio is 3.07%.

Insiders Place Their Bets

In related news, EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the sale, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. This represents a 2.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John C. Plant sold 50,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,400 shares of company stock valued at $12,804,458 in the last ninety days. Company insiders own 1.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on JBL shares. The Goldman Sachs Group upped their target price on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Barclays upped their price objective on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Stifel Nicolaus reissued 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. Finally, UBS Group raised their price objective 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $158.83.

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).