Diligent Investors LLC Sells 4,500 Shares of Jabil Inc. (NYSE:JBL)

Diligent Investors LLC decreased its position in Jabil Inc. (NYSE:JBL - Free Report) by 42.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,000 shares of the technology company's stock after selling 4,500 shares during the period. Diligent Investors LLC's holdings in Jabil were worth $863,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Meyer Handelman Co. bought a new stake in shares of Jabil in the fourth quarter worth about $7,334,000. Davis Investment Partners LLC bought a new position in Jabil in the fourth quarter valued at approximately $1,433,000. Truist Financial Corp boosted its holdings in shares of Jabil by 50.4% in the fourth quarter. Truist Financial Corp now owns 12,037 shares of the technology company's stock valued at $1,732,000 after buying an additional 4,034 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Jabil during the fourth quarter worth $235,000. Finally, Keybank National Association OH bought a new stake in Jabil in the 4th quarter valued at $214,000. Institutional investors own 93.39% of the company's stock.

Analysts Set New Price Targets

JBL has been the topic of several recent research reports. UBS Group lifted their price target on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Barclays lifted their target price on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. decreased their price target 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. The Goldman Sachs Group cut 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. Finally, StockNews.com downgraded shares of Jabil from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $158.50.

Insider Activity

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated 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 directly owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. This represents a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.73% of the company's stock.

Jabil Stock Down 0.3 %

JBL traded down $0.43 during trading on Friday, reaching $153.97. 498,638 shares of the stock were exchanged, compared to its average volume of 1,452,905. 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 stock's 50 day moving average price is $138.51 and its two-hundred day moving average price is $143.74. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The stock has a market cap of $16.53 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL - Get Free Report) last issued its 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. The company had revenue of $6.73 billion for the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. Jabil's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 EPS. Equities analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The business 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. 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 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).