Jabil Inc. (NYSE:JBL) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC reduced its stake in shares of Jabil Inc. (NYSE:JBL) by 42.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 335 shares of the technology company’s stock after selling 244 shares during the period. Sentry Investment Management LLC’s holdings in Jabil were worth $48,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of Jabil during the third quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in Jabil in the 3rd quarter valued at $39,000. First Horizon Advisors Inc. lifted its stake 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 worth $39,000 after purchasing an additional 130 shares during the period. GHP Investment Advisors Inc. acquired a new stake in shares of Jabil during the fourth quarter worth $43,000. Finally, Cromwell Holdings LLC grew its position in shares of Jabil by 412.7% in the fourth quarter. Cromwell Holdings LLC now owns 364 shares of the technology company’s stock valued at $52,000 after purchasing an additional 293 shares during the period. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Insider Activity

In related news, Director Steven A. Raymund sold 20,000 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the transaction, the director now owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John C. Plant sold 50,000 shares of Jabil stock in a transaction that occurred on 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 sale, the director now 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 have sold 77,400 shares of company stock worth $12,804,458 over the last 90 days. Company insiders own 1.73% of the company’s stock.

Jabil Stock Performance

NYSE:JBL opened at $153.86 on Friday. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The firm has a market capitalization of $16.80 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.65 and a beta of 1.23. 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 firm’s fifty day simple moving average is $158.75 and its 200 day simple moving average is $134.29.

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

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.21%. The ex-dividend date is Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is 3.07%.

Analyst Ratings Changes

Several research firms recently issued reports on JBL. Barclays raised their target price 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 reaffirmed a “buy” rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research note on Tuesday. UBS Group increased their target price on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group lifted their target price on Jabil from $160.00 to $179.00 and gave the company a “buy” rating in a report on Monday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $158.83.

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).