South Dakota Investment Council Decreases Stock Holdings in Jabil Inc. (NYSE:JBL)

South Dakota Investment Council trimmed its position in shares of Jabil Inc. (NYSE:JBL) by 19.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,846 shares of the technology company’s stock after selling 32,994 shares during the period. South Dakota Investment Council owned approximately 0.13% of Jabil worth $20,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Jabil by 40.3% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 17,760 shares of the technology company’s stock worth $2,556,000 after acquiring an additional 5,100 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in 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 buying an additional 130 shares during the period. Navellier & Associates Inc. purchased a new stake in Jabil during the 4th quarter valued at $247,000. Transcend Capital Advisors LLC raised its holdings in Jabil by 8.5% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,982 shares of the technology company’s stock valued at $285,000 after buying an additional 155 shares during the period. Finally, Cromwell Holdings LLC raised its holdings in Jabil by 412.7% during the 4th quarter. Cromwell Holdings LLC now owns 364 shares of the technology company’s stock valued at $52,000 after buying an additional 293 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Price Performance

JBL opened at $162.54 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $17.75 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.65 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 business’s fifty day simple moving average is $157.22 and its 200-day simple moving average is $132.95.

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

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.08 per share. 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 currently 3.07%.

Insider Buying and Selling

In other Jabil news, Director John C. Plant sold 50,000 shares of the stock in a transaction dated 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 directly owns 5,900 shares in the company, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the stock in a transaction dated 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 owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,400 shares of company stock worth $12,804,458 in the last three months. 1.73% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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).