Jabil, Inc. (NYSE:JBL) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. trimmed its holdings in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 65.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,731 shares of the technology company's stock after selling 26,477 shares during the period. Achmea Investment Management B.V.'s holdings in Jabil were worth $1,869,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Jabil during the 4th quarter worth approximately $27,000. Creative Financial Designs Inc. ADV purchased a new stake in Jabil in the 1st quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Jabil in the 4th quarter worth approximately $29,000. Harbor Capital Advisors Inc. grew its stake in Jabil by 110.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after acquiring an additional 116 shares during the period. Finally, Millstone Evans Group LLC purchased a new stake in Jabil in the 4th quarter worth approximately $37,000. 93.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Jabil

In related news, SVP Francis Mckay sold 3,395 shares of Jabil stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $205.48, for a total transaction of $697,604.60. Following the transaction, the senior vice president now owns 38,112 shares in the company, valued at approximately $7,831,253.76. The trade was a 8.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anousheh Ansari sold 2,500 shares of Jabil stock in a transaction on Friday, June 20th. The shares were sold at an average price of $207.57, for a total transaction of $518,925.00. Following the transaction, the director now owns 37,400 shares in the company, valued at $7,763,118. The trade was a 6.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 280,476 shares of company stock worth $52,780,286. 1.73% of the stock is currently owned by corporate insiders.

Jabil Trading Up 0.9%

Shares of NYSE JBL traded up $2.01 during trading on Friday, hitting $217.32. 3,319,519 shares of the company traded hands, compared to its average volume of 1,416,201. Jabil, Inc. has a 1 year low of $95.85 and a 1 year high of $218.34. The company has a 50-day moving average price of $170.08 and a 200-day moving average price of $155.82. The firm has a market capitalization of $23.33 billion, a P/E ratio of 42.20, a P/E/G ratio of 1.52 and a beta of 1.14. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85.

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

Jabil Announces Dividend

The firm also recently announced 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 of this dividend was Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.15%. Jabil's payout ratio is 6.21%.

Wall Street Analyst Weigh In

JBL has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Jabil from $180.00 to $214.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Barclays lifted their target price on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 17th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $230.00 target price (up from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. Wall Street Zen raised shares of Jabil from a "buy" rating to a "strong-buy" rating in a research note on Friday. Finally, UBS Group lifted 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. One equities 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, Jabil has a consensus rating of "Buy" and a consensus price target of $213.57.

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).