ING Groep NV Cuts Stake in Jabil Inc. (NYSE:JBL)

ING Groep NV cut its stake in Jabil Inc. (NYSE:JBL) by 87.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,812 shares of the technology company’s stock after selling 71,060 shares during the quarter. ING Groep NV’s holdings in Jabil were worth $1,412,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Jabil by 11.3% in the third quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock valued at $613,087,000 after acquiring an additional 520,672 shares in the last quarter. Primecap Management Co. CA lifted its holdings in Jabil by 0.3% in the 3rd quarter. Primecap Management Co. CA now owns 3,692,560 shares of the technology company’s stock valued at $442,479,000 after purchasing an additional 9,685 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Jabil by 12,251.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock valued at $264,391,000 after purchasing an additional 2,188,521 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Jabil by 15.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 903,526 shares of the technology company’s stock worth $108,270,000 after purchasing an additional 118,376 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of Jabil by 406.5% during the third quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock worth $86,613,000 after buying an additional 580,100 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Jabil

In related news, 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 completion of the transaction, the director now directly owns 5,900 shares in the company, valued at $1,018,045. This trade represents a 89.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the sale, the director now owns 12,900 shares in the company, valued at $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 a total of 77,400 shares of company stock worth $12,804,458 over the last three months. Insiders own 1.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on JBL shares. Barclays boosted their price target 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. Stifel Nicolaus restated a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. The Goldman Sachs Group increased their price target on Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. UBS Group lifted their price objective on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, StockNews.com cut Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $153.17.

Jabil Trading Down 2.2 %

JBL opened at $162.54 on Monday. The stock has a market capitalization of $17.75 billion, a PE ratio of 15.58, a P/E/G ratio of 1.65 and a beta of 1.23. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The business’s 50 day moving average price is $157.22 and its 200 day moving average price is $133.19.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.88 by $0.12. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.60 EPS. As a group, equities research analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a 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%.

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).