Jabil Inc. (NYSE:JBL) Position Reduced by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in Jabil Inc. (NYSE:JBL - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,636,685 shares of the technology company's stock after selling 36,914 shares during the quarter. Dimensional Fund Advisors LP owned about 1.50% of Jabil worth $235,525,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Bleakley Financial Group LLC grew its stake in shares of Jabil by 2.2% in the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock valued at $471,000 after buying an additional 70 shares in the last quarter. Greenleaf Trust increased its holdings in Jabil by 1.3% during the 4th quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock worth $816,000 after purchasing an additional 72 shares during the last quarter. Resonant Capital Advisors LLC raised its position in shares of Jabil by 3.3% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company's stock valued at $365,000 after purchasing an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. boosted its stake in shares of Jabil by 1.0% during the 4th quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company's stock valued at $1,384,000 after buying an additional 95 shares during the last quarter. Finally, Savant Capital LLC grew its position in shares of Jabil by 1.9% during the fourth quarter. Savant Capital LLC now owns 5,332 shares of the technology company's stock worth $767,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on JBL. 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. The Goldman Sachs Group cut their price target on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. UBS Group upped their price target on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, March 21st. StockNews.com cut shares of Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Finally, Barclays upped their price target on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $158.50.

Jabil Stock Performance

JBL stock traded up $0.54 during trading on Friday, hitting $146.67. 1,049,670 shares of the company's stock traded hands, compared to its average volume of 1,467,405. 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 52 week low of $95.85 and a 52 week high of $174.80. The stock has a fifty day moving average price of $139.91 and a two-hundred day moving average price of $142.25. The stock has a market capitalization of $15.74 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12.

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

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be given 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 0.22%. Jabil's dividend payout ratio is currently 7.66%.

Insider Transactions at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher S. Holland sold 3,400 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the transaction, the director now owns 12,900 shares of the company's stock, valued at $2,093,283. This represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.73% of the company's stock.

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).