AXQ Capital LP Lowers Stock Holdings in Jabil Inc. (NYSE:JBL)

AXQ Capital LP lessened its holdings in Jabil Inc. (NYSE:JBL) by 12.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,254 shares of the technology company’s stock after selling 595 shares during the period. AXQ Capital LP’s holdings in Jabil were worth $612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Jabil in the fourth quarter worth $27,000. Millstone Evans Group LLC bought a new stake in Jabil in the 4th quarter valued at $37,000. Brooklyn Investment Group purchased a new stake in Jabil in the 3rd quarter worth $39,000. First Horizon Advisors Inc. boosted its holdings in shares of Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after purchasing an additional 130 shares during the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Jabil during the fourth quarter valued at about $43,000. 93.39% of the stock is owned by institutional investors.

Insider Buying and Selling at Jabil

In other Jabil news, EVP Frederic E. Mccoy sold 4,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the sale, the executive vice president now directly owns 138,472 shares of the company’s stock, valued at $20,744,490.32. The trade was a 2.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the transaction, the director now directly owns 119,108 shares in the company, valued at approximately $18,021,040.40. This trade represents a 14.38 % decrease in their ownership of the stock. 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 quarter. 1.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

JBL has been the subject of a number of research reports. The Goldman Sachs Group increased their price target on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Monday, February 24th. UBS Group raised their target price on shares of Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday. StockNews.com raised shares of Jabil from a “hold” rating to a “buy” rating in a research note on Friday. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Jabil from $172.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.50.

Jabil Trading Up 0.8 %

Shares of JBL opened at $145.02 on Friday. The company’s fifty day simple moving average is $155.96 and its 200-day simple moving average is $138.15. The company has a market cap of $15.83 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.65 and a beta of 1.19. 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 Inc. has a twelve month low of $95.85 and a twelve month high of $174.80.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period in the prior year, the company posted $1.68 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Tuesday, February 18th. Jabil’s payout ratio is currently 3.07%.

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).