Jabil, Inc. $JBL Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. cut its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 48.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,344 shares of the technology company's stock after selling 3,163 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Jabil were worth $455,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Cordatus Wealth Management LLC raised its position in Jabil by 2.9% during the first quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company's stock worth $330,000 after acquiring an additional 68 shares during the period. AlphaCore Capital LLC raised its position in Jabil by 2.4% during the first quarter. AlphaCore Capital LLC now owns 3,206 shares of the technology company's stock worth $436,000 after acquiring an additional 76 shares during the period. Allworth Financial LP raised its position in Jabil by 22.5% during the first quarter. Allworth Financial LP now owns 529 shares of the technology company's stock worth $77,000 after acquiring an additional 97 shares during the period. Cynosure Group LLC grew its holdings in shares of Jabil by 4.2% during the first quarter. Cynosure Group LLC now owns 2,398 shares of the technology company's stock worth $326,000 after buying an additional 97 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Jabil by 21.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 565 shares of the technology company's stock worth $77,000 after buying an additional 99 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Jabil

In other news, EVP Steven D. Borges sold 22,443 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $200.01, for a total transaction of $4,488,824.43. Following the transaction, the executive vice president directly owned 102,803 shares in the company, valued at approximately $20,561,628.03. This trade represents a 17.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven A. Raymund sold 15,955 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $216.83, for a total transaction of $3,459,522.65. Following the transaction, the director owned 99,828 shares in the company, valued at approximately $21,645,705.24. This trade represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 332,847 shares of company stock valued at $66,534,847. 1.73% of the stock is owned by company insiders.

Jabil Stock Performance

Shares of Jabil stock opened at $215.31 on Monday. The firm has a market capitalization of $23.11 billion, a P/E ratio of 41.81, a P/E/G ratio of 1.50 and a beta of 1.20. Jabil, Inc. has a 52 week low of $99.67 and a 52 week high of $232.84. 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 firm's 50 day moving average is $214.36 and its two-hundred day moving average is $172.96.

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 the consensus estimate of $2.28 by $0.27. The company had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.03 billion. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The firm's revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.89 earnings per share. Research analysts forecast that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 14.0%. Jabil's dividend payout ratio (DPR) is 6.21%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JBL. JPMorgan Chase & Co. upped their target price on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. UBS Group increased their target price on shares of Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Bank of America increased their price target on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and issued a $230.00 target price (up previously from $170.00) on shares of Jabil in a report on Wednesday, June 18th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $231.71.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.