Jabil Inc. (NYSE:JBL) Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC decreased its holdings in shares of Jabil Inc. (NYSE:JBL) by 16.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,681 shares of the technology company’s stock after selling 331 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Jabil were worth $242,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of Jabil by 11.3% during the 3rd quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after purchasing an additional 520,672 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Jabil by 0.3% during the third quarter. Primecap Management Co. CA now owns 3,692,560 shares of the technology company’s stock valued at $442,479,000 after acquiring an additional 9,685 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of 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 acquiring an additional 2,188,521 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Jabil by 15.1% in 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 acquiring an additional 118,376 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Jabil by 406.5% during the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock worth $86,613,000 after purchasing an additional 580,100 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Activity at Jabil

In other news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction on Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the transaction, the director now directly owns 119,108 shares of the company’s stock, valued at $18,021,040.40. The trade was a 14.38 % decrease in their position. The sale was disclosed in a legal 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 on 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 owns 5,900 shares of the company’s stock, valued at approximately $1,018,045. This represents a 89.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 74,000 shares of company stock valued at $12,252,740 in the last ninety days. Insiders own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed 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. Barclays lifted their target price on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. UBS Group increased their price target on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. StockNews.com downgraded shares of Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised their price target on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Jabil presently has a consensus rating of “Moderate Buy” and an average target price of $153.17.

Jabil Stock Performance

Shares of JBL stock opened at $162.36 on Friday. The company has a market cap of $17.73 billion, a P/E ratio of 15.57, a PEG ratio of 1.60 and a beta of 1.23. The firm has a fifty day moving average price of $147.70 and a 200 day moving average price of $126.87. 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 12 month low of $95.85 and a 12 month high of $174.80.

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

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Tuesday, February 18th. Jabil’s payout ratio is 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).