Boston Partners Decreases Stake in Jabil Inc. (NYSE:JBL)

Boston Partners cut its holdings in Jabil Inc. (NYSE:JBL) by 9.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 591,308 shares of the technology company’s stock after selling 60,896 shares during the quarter. Boston Partners’ holdings in Jabil were worth $85,201,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of JBL. CIBC Asset Management Inc boosted its stake in shares of Jabil by 2.8% in the third quarter. CIBC Asset Management Inc now owns 16,689 shares of the technology company’s stock valued at $2,000,000 after buying an additional 462 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Jabil by 72.5% in the third quarter. Meeder Asset Management Inc. now owns 8,635 shares of the technology company’s stock valued at $1,035,000 after buying an additional 3,628 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Jabil in the third quarter valued at approximately $365,000. PNC Financial Services Group Inc. boosted its stake in shares of Jabil by 2.9% in the third quarter. PNC Financial Services Group Inc. now owns 35,734 shares of the technology company’s stock valued at $4,282,000 after buying an additional 1,013 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Jabil by 2,750.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 110,701 shares of the technology company’s stock valued at $13,265,000 after buying an additional 106,818 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jabil

In other Jabil news, Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $151.30, for a total transaction of $3,026,000.00. Following the completion of the sale, the director now owns 119,108 shares of the company’s stock, valued at approximately $18,021,040.40. The trade was a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of the business’s 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 sale, the director now directly owns 12,900 shares of the company’s stock, valued at approximately $2,093,283. This trade represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,400 shares of company stock valued at $12,804,458. Company insiders own 1.73% of the company’s stock.

Jabil Stock Performance

Jabil stock opened at $135.54 on Wednesday. The firm has a market capitalization of $14.80 billion, a P/E ratio of 12.99, a PEG ratio of 1.65 and a beta of 1.19. The stock has a fifty day moving average price of $156.64 and a 200 day moving average price of $137.61. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. 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 released its 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 firm had revenue of $6.99 billion during 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 business’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.60 earnings per share. Equities research analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Tuesday, February 18th. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Analyst Ratings Changes

A number of research firms have commented on JBL. The Goldman Sachs Group boosted their target price on Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group boosted their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Barclays boosted their price target on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price target (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Jabil has an average rating of “Moderate Buy” and an average price target of $158.83.

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).