BNP Paribas Financial Markets Sells 60,340 Shares of Jabil Inc. (NYSE:JBL)

BNP Paribas Financial Markets decreased its position in Jabil Inc. (NYSE:JBL - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 132,475 shares of the technology company's stock after selling 60,340 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.12% of Jabil worth $19,063,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Jabil by 70,781.4% in the fourth quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock worth $835,876,000 after buying an additional 5,800,535 shares during the last quarter. FMR LLC raised its position in Jabil by 8.1% in the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock worth $796,220,000 after acquiring an additional 416,841 shares during the period. Geode Capital Management LLC boosted its stake in shares of Jabil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,810,519 shares of the technology company's stock worth $404,024,000 after acquiring an additional 34,574 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Jabil by 18.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company's stock valued at $270,187,000 after acquiring an additional 288,806 shares during the period. Finally, Norges Bank bought a new position in Jabil in the 4th quarter worth $218,430,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Trading Down 0.3 %

Shares of JBL stock opened at $153.97 on Friday. The stock's 50-day moving average price is $138.51 and its 200-day moving average price is $143.74. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $6.40 billion. During the same period in the prior year, the firm earned $1.68 EPS. The company's revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts predict that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

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

Insider Buying and Selling

In other news, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction that occurred 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 transaction, the chairman now owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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).

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