Bayesian Capital Management LP Reduces Position in Jabil Inc. (NYSE:JBL)

Bayesian Capital Management LP decreased its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 63.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,000 shares of the technology company's stock after selling 10,607 shares during the period. Bayesian Capital Management LP's holdings in Jabil were worth $863,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JBL. SBI Securities Co. Ltd. purchased a new position in shares of Jabil in the 4th quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Jabil during the 4th quarter worth about $29,000. Millstone Evans Group LLC purchased a new position in shares of Jabil in the 4th quarter valued at about $37,000. First Horizon Advisors Inc. raised its position 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 acquiring an additional 130 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Jabil by 113.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock worth $43,000 after purchasing an additional 158 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the sale, the chairman now owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. This represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.73% of the stock is currently owned by company insiders.

Jabil Stock Performance

Jabil stock traded down $0.43 during trading hours on Friday, reaching $153.97. 498,638 shares of the stock were exchanged, compared to its average volume of 1,452,905. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The stock has a market cap of $16.53 billion, a P/E ratio of 14.76, a P/E/G ratio of 1.65 and a beta of 1.11. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The firm's 50 day moving average is $138.51 and its 200 day moving average is $143.74.

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

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date is Thursday, May 15th. Jabil's dividend payout ratio is currently 7.66%.

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).