Jabil Inc. (NYSE:JBL) Shares Sold by North Growth Management Ltd.

North Growth Management Ltd. lowered its stake in Jabil Inc. (NYSE:JBL) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 284,000 shares of the technology company’s stock after selling 5,000 shares during the quarter. Jabil comprises approximately 7.8% of North Growth Management Ltd.’s investment portfolio, making the stock its biggest holding. North Growth Management Ltd. owned 0.26% of Jabil worth $40,851,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in JBL. FMR LLC lifted its stake in Jabil by 11.3% in the 3rd 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 boosted its holdings in Jabil by 0.3% during the third quarter. Primecap Management Co. CA now owns 3,692,560 shares of the technology company’s stock worth $442,479,000 after purchasing an additional 9,685 shares during the last quarter. Pacer Advisors Inc. grew its position in Jabil by 12,251.7% in the third 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 lifted its position 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 buying an additional 118,376 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake 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 buying an additional 580,100 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Jabil Trading Down 0.2 %

Shares of JBL stock opened at $165.36 on Friday. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The company has a market capitalization of $18.05 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 1.64 and a beta of 1.23. The firm has a 50 day moving average price of $150.63 and a two-hundred day moving average price of $128.70. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Jabil (NYSE:JBL) last released its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.12. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $2.60 EPS. As a group, analysts predict that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s dividend payout ratio is 3.07%.

Insiders Place Their Bets

In related news, Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were 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 $18,021,040.40. This represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the transaction, the director now directly owns 12,900 shares in the company, valued at approximately $2,093,283. This 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 quarter. 1.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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