Cozad Asset Management Inc. Sells 5,450 Shares of Jabil, Inc. (NYSE:JBL)

Key Points

• Cozad Asset Management Inc. reduced its holdings in Jabil, Inc. by 19.8%, now owning 22,140 shares valued at approximately $3.01 million.
• Chairman Mark T. Mondello sold 150,000 shares for nearly $29 million, indicating a 8.77% decrease in his ownership of Jabil stock.
• Several analysts have raised their price targets for Jabil, with Bank of America increasing its target price from $225 to $245 and maintaining a "buy" rating on the stock.

Cozad Asset Management Inc. decreased its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 19.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,140 shares of the technology company's stock after selling 5,450 shares during the quarter. Cozad Asset Management Inc.'s holdings in Jabil were worth $3,013,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of JBL. Creative Financial Designs Inc. ADV bought a new stake in shares of Jabil in the 1st quarter worth approximately $27,000. Harbor Capital Advisors Inc. increased its holdings in Jabil by 110.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock valued at $30,000 after purchasing an additional 116 shares in the last quarter. Golden State Wealth Management LLC increased its stake in shares of Jabil by 2,400.0% in the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock valued at $37,000 after buying an additional 264 shares during the period. True Wealth Design LLC increased its stake in shares of Jabil by 3,411.1% in the 4th quarter. True Wealth Design LLC now owns 316 shares of the technology company's stock valued at $45,000 after buying an additional 307 shares during the period. Finally, Wayfinding Financial LLC bought a new position in shares of Jabil in the 1st quarter worth $52,000. Institutional investors own 93.39% of the company's stock.

Wall Street Analyst Weigh In

JBL has been the topic of several recent analyst reports. UBS Group lifted their target price on Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. JPMorgan Chase & Co. upped their target price on Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Argus raised Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. The Goldman Sachs Group upped their target price on Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Finally, Barclays increased their price target on Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $231.71.

Jabil Trading Down 1.6%

NYSE:JBL traded down $3.57 during trading hours on Friday, hitting $219.60. 858,052 shares of the company were exchanged, compared to its average volume of 1,420,178. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. The company has a fifty day simple moving average of $203.08 and a 200 day simple moving average of $168.48. Jabil, Inc. has a one year low of $95.85 and a one year high of $232.84. The stock has a market capitalization of $23.57 billion, a price-to-earnings ratio of 42.71, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share 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 during the quarter, compared to the consensus estimate of $7.03 billion. During the same period last year, the business posted $1.89 EPS. The business's revenue was up 15.7% compared to the same quarter last year. Sell-side analysts expect that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Insider Buying and Selling

In other Jabil news, Director Steven A. Raymund sold 13,432 shares of Jabil stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $223.11, for a total transaction of $2,996,813.52. Following the completion of the transaction, the director owned 86,396 shares in the company, valued at approximately $19,275,811.56. The trade was a 13.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Priestley sold 3,702 shares of Jabil stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $225.00, for a total value of $832,950.00. Following the transaction, the executive vice president owned 44,833 shares of the company's stock, valued at $10,087,425. This trade represents a 7.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 322,847 shares of company stock worth $63,849,847 over the last 90 days. 1.73% of the stock is owned by company insiders.

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).