Ethic Inc. Has $2.62 Million Holdings in Jabil Inc. (NYSE:JBL)

Ethic Inc. decreased its position in Jabil Inc. (NYSE:JBL - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,217 shares of the technology company's stock after selling 3,340 shares during the quarter. Ethic Inc.'s holdings in Jabil were worth $2,621,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in JBL. Barclays PLC raised its stake in Jabil by 33.5% during the third quarter. Barclays PLC now owns 327,969 shares of the technology company's stock worth $39,300,000 after acquiring an additional 82,312 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Jabil by 13.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,039 shares of the technology company's stock worth $2,164,000 after acquiring an additional 1,760 shares during the period. Czech National Bank raised its stake in Jabil by 5.9% during the fourth quarter. Czech National Bank now owns 24,467 shares of the technology company's stock worth $3,521,000 after acquiring an additional 1,358 shares during the period. Matrix Trust Co raised its stake in Jabil by 290.6% during the fourth quarter. Matrix Trust Co now owns 1,453 shares of the technology company's stock worth $209,000 after acquiring an additional 1,081 shares during the period. Finally, Davis Investment Partners LLC acquired a new stake in Jabil during the fourth quarter worth about $1,433,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Activity at Jabil

In other news, CEO Michael Dastoor sold 10,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the transaction, the chief executive officer now owns 221,693 shares in the company, valued at approximately $37,665,640.70. This trade represents a 4.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction on 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 transaction, the chairman now owns 1,730,192 shares in the company, valued at $227,624,059.52. This represents a 1.14% decrease in their position. The disclosure for this sale can be found here. 1.73% of the stock is owned by insiders.

Jabil Price Performance

Shares of Jabil stock traded up $1.35 on Friday, hitting $167.88. The company had a trading volume of 828,016 shares, compared to its average volume of 1,442,965. The business has a 50-day simple moving average of $141.38 and a 200-day simple moving average of $145.18. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The company has a market cap of $18.02 billion, a PE ratio of 16.10, a PEG ratio of 1.65 and a beta of 1.11. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $174.80.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business's revenue was down .6% on a year-over-year basis. During the same period last year, the firm posted $1.68 earnings per share. Research analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.19%. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Analyst Upgrades and Downgrades

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

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).