Greenleaf Trust Reduces Holdings in Jabil, Inc. (NYSE:JBL)

Greenleaf Trust decreased its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 25.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,201 shares of the technology company's stock after selling 1,470 shares during the period. Greenleaf Trust's holdings in Jabil were worth $572,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV bought a new stake in shares of Jabil in the 1st quarter valued at about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Jabil during the 4th quarter valued at about $29,000. 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 during the period. Millstone Evans Group LLC purchased a new position in Jabil during the 4th quarter valued at about $37,000. Finally, Golden State Wealth Management LLC increased its holdings in Jabil by 2,400.0% during the 1st quarter. Golden State Wealth Management LLC now owns 275 shares of the technology company's stock valued at $37,000 after purchasing an additional 264 shares during the period. Hedge funds and other institutional investors own 93.39% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Wall Street Zen cut Jabil from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Barclays upped their price objective on Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. UBS Group increased their price target on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. Finally, Raymond James Financial reissued a "strong-buy" rating and set a $230.00 price target (up from $170.00) on shares of Jabil in a report on Wednesday, June 18th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $225.71.

Jabil Price Performance

JBL stock traded down $1.74 during trading on Tuesday, reaching $218.78. The company's stock had a trading volume of 1,129,313 shares, compared to its average volume of 1,417,982. Jabil, Inc. has a 1 year low of $95.85 and a 1 year high of $227.54. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $23.48 billion, a P/E ratio of 42.48, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. The company's fifty day moving average is $185.78 and its 200-day moving average is $161.53.

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

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Thursday, May 15th. Jabil's payout ratio is 6.21%.

Insiders Place Their Bets

In related news, SVP Francis Mckay sold 3,395 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $205.48, for a total transaction of $697,604.60. Following the completion of the sale, the senior vice president directly owned 38,112 shares of the company's stock, valued at approximately $7,831,253.76. This trade represents a 8.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anousheh Ansari sold 1,000 shares of Jabil stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $222.75, for a total value of $222,750.00. Following the sale, the director directly owned 36,400 shares of the company's stock, valued at approximately $8,108,100. This trade represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 297,431 shares of company stock worth $58,163,159. 1.73% of the stock is currently owned by company insiders.

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).