Jabil Inc. (NYSE:JBL) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lessened its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 0.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 958,165 shares of the technology company's stock after selling 8,203 shares during the period. AQR Capital Management LLC owned approximately 0.88% of Jabil worth $137,880,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in JBL. Meyer Handelman Co. acquired a new stake in shares of Jabil in the fourth quarter worth $7,334,000. Davis Investment Partners LLC acquired a new position in shares of Jabil in the fourth quarter valued at approximately $1,433,000. Truist Financial Corp grew its holdings in Jabil by 50.4% during the 4th quarter. Truist Financial Corp now owns 12,037 shares of the technology company's stock worth $1,732,000 after acquiring an additional 4,034 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of Jabil in the 4th quarter valued at $235,000. Finally, Keybank National Association OH purchased a new stake in Jabil in the 4th quarter valued at $214,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Insider Buying and Selling at Jabil

In related news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the sale, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This represents a 1.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.73% of the company's stock.

Jabil Price Performance

NYSE:JBL traded up $2.74 on Friday, hitting $150.32. The company had a trading volume of 891,110 shares, compared to its average volume of 1,458,207. The stock has a market capitalization of $16.14 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.65 and a beta of 1.11. The firm has a 50 day moving average of $138.38 and a two-hundred day moving average of $142.93. 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 52 week low of $95.85 and a 52 week high of $174.80.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the previous year, the business earned $1.68 EPS. The company's quarterly revenue was down .6% on a year-over-year basis. On average, research analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil's dividend payout ratio (DPR) is currently 7.66%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays raised their price target on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. decreased their target price on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. StockNews.com cut shares of Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. The Goldman Sachs Group decreased their target price on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, UBS Group lifted their price objective on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $158.50.

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).