Paradigm Capital Management Inc. NY Sells 9,100 Shares of Jabil Inc. (NYSE:JBL)

Paradigm Capital Management Inc. NY reduced its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 572,900 shares of the technology company's stock after selling 9,100 shares during the period. Jabil accounts for about 3.8% of Paradigm Capital Management Inc. NY's holdings, making the stock its 7th biggest position. Paradigm Capital Management Inc. NY owned about 0.52% of Jabil worth $82,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of JBL. SBI Securities Co. Ltd. purchased a new position in Jabil in the 4th quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Jabil during the fourth quarter worth $29,000. Millstone Evans Group LLC acquired a new position in Jabil in the fourth quarter valued at $37,000. First Horizon Advisors Inc. grew its holdings in Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after buying an additional 130 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Jabil in the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Analyst Upgrades and Downgrades

JBL has been the subject of a number of research analyst reports. UBS Group upped their price objective on Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. StockNews.com raised shares of Jabil from a "hold" rating to a "buy" rating in a research note on Monday. JPMorgan Chase & Co. cut their price objective on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. The Goldman Sachs Group reduced their price target on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Barclays upped their target price on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. 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 MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $158.50.

Insider Transactions at Jabil

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

Jabil Trading Down 0.3%

NYSE JBL opened at $167.21 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The company has a 50-day simple moving average of $142.05 and a 200-day simple moving average of $145.76. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The firm has a market capitalization of $17.95 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.

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, beating analysts' consensus estimates of $1.83 by $0.11. The company had revenue of $6.73 billion for 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%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $1.68 earnings per share. On average, equities analysts forecast 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 is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.19%. Jabil's dividend payout ratio (DPR) is presently 7.66%.

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).

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