Nomura Holdings Inc. Sells 26,732 Shares of Jabil Inc. (NYSE:JBL)

Nomura Holdings Inc. decreased its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 87.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,722 shares of the technology company's stock after selling 26,732 shares during the quarter. Nomura Holdings Inc.'s holdings in Jabil were worth $536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of JBL. Barclays PLC raised its holdings in Jabil by 33.5% during the 3rd quarter. Barclays PLC now owns 327,969 shares of the technology company's stock valued at $39,300,000 after acquiring an additional 82,312 shares during the period. Park Avenue Securities LLC grew its position in shares of Jabil by 127.5% during the 4th quarter. Park Avenue Securities LLC now owns 5,595 shares of the technology company's stock valued at $805,000 after purchasing an additional 3,136 shares in the last quarter. Merit Financial Group LLC purchased a new position in shares of Jabil during the 4th quarter valued at $235,000. HB Wealth Management LLC grew its position in shares of Jabil by 9.3% during the 4th quarter. HB Wealth Management LLC now owns 3,696 shares of the technology company's stock valued at $532,000 after purchasing an additional 316 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Jabil by 6.5% during the 4th quarter. UMB Bank n.a. now owns 2,321 shares of the technology company's stock valued at $334,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 93.39% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on JBL. The Goldman Sachs Group reduced their price target on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. UBS Group boosted their price target on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. reduced their price target on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Barclays boosted their price target on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. Finally, Wall Street Zen upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $158.50.

Jabil Price Performance

NYSE:JBL traded up $3.76 during midday trading on Tuesday, hitting $169.14. The company had a trading volume of 861,542 shares, compared to its average volume of 1,424,652. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The stock's fifty day moving average price is $145.54 and its 200-day moving average price is $147.04. The company has a market capitalization of $18.16 billion, a PE ratio of 16.22, a P/E/G ratio of 1.65 and a beta of 1.11. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

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

Jabil Announces Dividend

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

Insider Buying and Selling at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the sale, the chairman now directly owns 1,730,192 shares in the company, valued at $227,624,059.52. This represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael Dastoor sold 10,000 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were 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 owns 221,693 shares of the company's stock, valued at approximately $37,665,640.70. The trade was a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.73% of the company's stock.

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).