Stifel Financial Corp Cuts Stock Position in Jabil Inc. (NYSE:JBL)

Stifel Financial Corp reduced its stake in Jabil Inc. (NYSE:JBL) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,194 shares of the technology company’s stock after selling 2,929 shares during the period. Stifel Financial Corp’s holdings in Jabil were worth $12,259,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in shares of Jabil in the 4th quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Jabil in the 4th quarter valued at $29,000. Millstone Evans Group LLC acquired a new position in shares of Jabil during the fourth quarter worth $37,000. First Horizon Advisors Inc. increased its holdings in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after buying an additional 130 shares during the last quarter. Finally, GHP Investment Advisors Inc. purchased a new stake in Jabil during the 4th quarter worth about $43,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Jabil

In related news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the sale, the chairman now owns 1,730,192 shares of the company’s stock, valued at $227,624,059.52. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Plant sold 50,000 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the sale, the director now directly owns 5,900 shares in the company, valued at $1,018,045. This represents a 89.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,400 shares of company stock valued at $11,810,418 in the last ninety days. Corporate insiders own 1.73% of the company’s stock.

Jabil Stock Performance

Shares of JBL stock opened at $134.97 on Friday. The company has a market cap of $14.49 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The stock has a 50 day simple moving average of $142.95 and a 200-day simple moving average of $141.38. 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 announced its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the previous year, the company earned $1.68 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts forecast that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be given a $0.08 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. Jabil’s dividend payout ratio is presently 7.66%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays raised their target price on Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research report on Friday. The Goldman Sachs Group reduced their price target 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. JPMorgan Chase & Co. dropped their price objective on Jabil from $175.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, UBS Group lifted 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, March 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.50.

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).