Cambridge Investment Research Advisors Inc. Sells 5,244 Shares of Jabil, Inc. (NYSE:JBL)

Cambridge Investment Research Advisors Inc. lowered its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 35.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,683 shares of the technology company's stock after selling 5,244 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Jabil were worth $1,318,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in JBL. SBI Securities Co. Ltd. acquired a new stake in Jabil in the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Jabil in the fourth quarter valued at approximately $29,000. Harbor Capital Advisors Inc. lifted its stake in Jabil by 110.5% in the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock valued at $30,000 after acquiring an additional 116 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Jabil in the fourth quarter worth $37,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Jabil by 113.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock worth $43,000 after buying an additional 158 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of research reports. Wall Street Zen raised shares of Jabil from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 27th. Barclays boosted their target price on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. Raymond James Financial restated a "strong-buy" rating and issued a $230.00 target price (up previously from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. Finally, Bank of America increased their price objective on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, June 20th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $225.71.

Jabil Price Performance

NYSE JBL traded down $0.58 during trading hours on Monday, hitting $225.43. The company had a trading volume of 1,084,005 shares, compared to its average volume of 1,416,263. The firm has a 50 day simple moving average of $179.89 and a 200 day simple moving average of $159.45. The firm has a market capitalization of $24.19 billion, a price-to-earnings ratio of 43.77, a PEG ratio of 1.58 and a beta of 1.20. Jabil, Inc. has a 52 week low of $95.85 and a 52 week high of $227.54. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 0.98.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Tuesday, June 17th. The technology company reported $2.55 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.27. Jabil had a return on equity of 60.19% and a net margin of 2.02%. The firm had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.03 billion. During the same period in the prior year, the firm posted $1.89 earnings per share. The company's quarterly revenue was up 15.7% on a year-over-year basis. Equities research analysts expect that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, May 15th. Jabil's dividend payout ratio is currently 6.21%.

Insider Buying and Selling at Jabil

In related news, Director Steven A. Raymund sold 15,955 shares of the company's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $216.83, for a total value of $3,459,522.65. Following the completion of the transaction, the director owned 99,828 shares of the company's stock, valued at approximately $21,645,705.24. This represents a 13.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $216.59, for a total value of $4,331,800.00. Following the completion of the sale, the chairman owned 1,440,190 shares of the company's stock, valued at $311,930,752.10. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 317,431 shares of company stock worth $60,794,359 over the last quarter. 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).