Lightrock Netherlands B.V. Reduces Position in Jabil, Inc. (NYSE:JBL)

Lightrock Netherlands B.V. lessened its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 39.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 56,858 shares of the technology company's stock after selling 36,641 shares during the period. Jabil accounts for approximately 2.0% of Lightrock Netherlands B.V.'s holdings, making the stock its 26th biggest position. Lightrock Netherlands B.V. owned about 0.05% of Jabil worth $7,750,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of JBL. IFM Investors Pty Ltd grew its position in shares of Jabil by 26.8% during the first quarter. IFM Investors Pty Ltd now owns 22,626 shares of the technology company's stock valued at $3,079,000 after purchasing an additional 4,776 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of Jabil during the first quarter valued at about $214,000. D.A. Davidson & CO. grew its position in shares of Jabil by 2.9% during the first quarter. D.A. Davidson & CO. now owns 24,573 shares of the technology company's stock valued at $3,344,000 after purchasing an additional 702 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Jabil by 0.8% during the first quarter. Principal Financial Group Inc. now owns 144,405 shares of the technology company's stock valued at $19,649,000 after purchasing an additional 1,139 shares in the last quarter. Finally, Horizon Financial Services LLC purchased a new position in Jabil in the first quarter worth about $111,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Argus upgraded Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. Stifel Nicolaus assumed coverage on Jabil in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price target for the company. Raymond James Financial reiterated a "strong-buy" rating and issued a $230.00 price target (up previously from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. Bank of America lifted their price target on Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Finally, Barclays raised their price objective 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. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $225.71.

Jabil Trading Down 1.6%

Shares of Jabil stock traded down $3.56 on Tuesday, hitting $221.85. 1,671,811 shares of the company traded hands, compared to its average volume of 1,417,636. The stock's 50 day moving average price is $181.39 and its 200-day moving average price is $159.89. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. Jabil, Inc. has a 52 week low of $95.85 and a 52 week high of $227.54. The company has a market cap of $23.81 billion, a PE ratio of 43.08, a PEG ratio of 1.58 and a beta of 1.20.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share 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 firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the previous year, the firm posted $1.89 earnings per share. The company's revenue was up 15.7% on a year-over-year basis. Equities research analysts predict that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend was Thursday, May 15th. Jabil's dividend payout ratio (DPR) is 6.21%.

Insider Buying and Selling

In related news, EVP Andrew Priestley sold 13,913 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $203.17, for a total value of $2,826,704.21. Following the completion of the transaction, the executive vice president owned 53,528 shares of the company's stock, valued at $10,875,283.76. The trade was a 20.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Mark T. Mondello sold 150,000 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $193.33, for a total value of $28,999,500.00. Following the transaction, the chairman directly owned 1,560,192 shares in the company, valued at approximately $301,631,919.36. The trade was a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 317,431 shares of company stock valued at $60,794,359 over the last ninety days. Company insiders own 1.73% of the company's stock.

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).