Jabil, Inc. (NYSE:JBL) Holdings Trimmed by Bessemer Group Inc.

Bessemer Group Inc. trimmed its position in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 73.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,915 shares of the technology company's stock after selling 36,141 shares during the period. Bessemer Group Inc.'s holdings in Jabil were worth $1,758,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBL. SBI Securities Co. Ltd. purchased a new position in shares of Jabil during the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Jabil during the 4th quarter valued at $29,000. Harbor Capital Advisors Inc. grew its holdings in shares of 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 acquiring an additional 116 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of Jabil during the 4th quarter valued at $37,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Jabil by 113.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock valued at $43,000 after acquiring an additional 158 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Jabil

In other news, EVP Steven D. Borges sold 22,443 shares of Jabil stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $200.01, for a total value of $4,488,824.43. Following the completion of the sale, the executive vice president now directly owns 102,803 shares of the company's stock, valued at approximately $20,561,628.03. This trade represents a 17.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Adam E. Berry sold 4,233 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $200.36, for a total value of $848,123.88. Following the completion of the transaction, the senior vice president now owns 13,047 shares in the company, valued at $2,614,096.92. This represents a 24.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 280,476 shares of company stock valued at $52,780,286 in the last three months. Corporate insiders own 1.73% of the company's stock.

Jabil Trading Up 0.9%

Jabil stock opened at $217.32 on Friday. The business has a 50 day moving average price of $170.08 and a two-hundred day moving average price of $155.82. 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 stock has a market cap of $23.33 billion, a price-to-earnings ratio of 42.20, a price-to-earnings-growth ratio of 1.52 and a beta of 1.14. Jabil, Inc. has a 12 month low of $95.85 and a 12 month high of $218.34.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (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 business had revenue of $7.83 billion during the quarter, compared to analysts' expectations of $7.03 billion. During the same period in the prior year, the firm posted $1.89 EPS. Jabil's quarterly revenue was up 15.7% compared to the same quarter last year. As a group, equities analysts forecast that Jabil, Inc. will post 8.05 EPS 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 issued a dividend of $0.08 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.15%. Jabil's dividend payout ratio is 6.21%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JBL. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a report on Wednesday, June 18th. Bank of America upped 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. Wall Street Zen upgraded shares of Jabil from a "buy" rating to a "strong-buy" rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Jabil from $180.00 to $214.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Finally, The Goldman Sachs Group raised their price target on Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Jabil has an average rating of "Buy" and a consensus price target of $213.57.

Jabil 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).

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