Man Group plc Has $15.41 Million Stock Position in Jabil Inc. (NYSE:JBL)

Man Group plc lowered its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 40.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,105 shares of the technology company's stock after selling 73,855 shares during the quarter. Man Group plc owned about 0.10% of Jabil worth $15,412,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Jabil during the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Jabil during the fourth quarter valued at approximately $29,000. Millstone Evans Group LLC acquired a new position in shares of Jabil in the fourth quarter valued at $37,000. First Horizon Advisors Inc. lifted its position in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock worth $39,000 after purchasing an additional 130 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new stake in Jabil during the fourth quarter worth $43,000. Institutional investors own 93.39% of the company's stock.

Jabil Trading Down 1.4%

Jabil stock traded down $2.34 during mid-day trading on Wednesday, hitting $165.17. 764,612 shares of the company's stock were exchanged, compared to its average volume of 1,431,597. The company's 50 day simple moving average is $142.79 and its 200-day simple moving average is $145.91. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $17.73 billion, a P/E ratio of 15.84, a PEG ratio of 1.65 and a beta of 1.11. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $174.80.

Jabil (NYSE:JBL - Get Free Report) last posted its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. The business had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. Jabil's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 EPS. On average, equities analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.19%. Jabil's dividend payout ratio is currently 7.66%.

Insider Buying and Selling

In other news, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $131.56, for a total value of $2,631,200.00. Following the sale, the chairman now owns 1,730,192 shares of the company's stock, valued at $227,624,059.52. The trade was a 1.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Dastoor sold 10,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the sale, the chief executive officer now directly owns 221,693 shares in the company, valued at $37,665,640.70. This trade represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JBL. StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a report on Monday. The Goldman Sachs Group cut their price target on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Barclays raised their target price on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. cut their target price on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, UBS Group upped their price target on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.50.

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).