Caisse DE Depot ET Placement DU Quebec Sells 313,724 Shares of Jabil Inc. (NYSE:JBL)

Caisse DE Depot ET Placement DU Quebec decreased its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 91.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,413 shares of the technology company's stock after selling 313,724 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Jabil were worth $4,233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBL. SBI Securities Co. Ltd. acquired a new position in Jabil during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Jabil in the 4th quarter worth approximately $29,000. Millstone Evans Group LLC bought a new stake in shares of Jabil in the 4th quarter worth approximately $37,000. First Horizon Advisors Inc. lifted its stake in Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after purchasing an additional 130 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in Jabil during the fourth quarter worth approximately $43,000. 93.39% of the stock is owned by institutional investors.

Jabil Stock Up 1.1 %

Shares of NYSE:JBL traded up $1.75 during trading on Thursday, reaching $154.47. 962,402 shares of the company traded hands, compared to its average volume of 1,455,830. The firm has a fifty day simple moving average of $138.10 and a 200 day simple moving average of $143.33. 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 Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The firm has a market cap of $16.58 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion during 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 was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.68 EPS. Analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Analysts Set New Price Targets

JBL has been the subject of several research reports. StockNews.com lowered Jabil from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. The Goldman Sachs Group dropped their price target on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. UBS Group raised their target price on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. JPMorgan Chase & Co. cut their price target on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Barclays lifted their price objective on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report 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 data from MarketBeat, Jabil currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.50.

Insider Activity

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

Jabil 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).