Jabil Inc. (NYSE:JBL) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its stake in Jabil Inc. (NYSE:JBL - Free Report) by 5.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 63,821 shares of the technology company's stock after selling 4,002 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of Jabil worth $9,184,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in Jabil during the fourth quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Jabil during the fourth quarter worth $29,000. Millstone Evans Group LLC acquired a new position in Jabil in the 4th quarter valued at about $37,000. First Horizon Advisors Inc. boosted its position 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. purchased a new position in Jabil in the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Analyst Upgrades and Downgrades

JBL has been the topic of several recent research reports. The Goldman Sachs Group cut their price target on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Wall Street Zen upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. Barclays raised their price objective on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. UBS Group boosted their target price on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. decreased their price target on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $158.50.

Insider Transactions at Jabil

In related 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 transaction of $1,699,000.00. Following the transaction, the chief executive officer now owns 221,693 shares of the company's stock, valued at approximately $37,665,640.70. This represents a 4.32% 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 20,000 shares of the firm'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 transaction of $2,631,200.00. Following the sale, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This trade represents a 1.14% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.73% of the company's stock.

Jabil Stock Performance

Shares of JBL stock traded up $0.82 during mid-day trading on Thursday, hitting $168.56. 971,176 shares of the stock were exchanged, compared to its average volume of 1,422,083. The stock's fifty day simple moving average is $145.99 and its two-hundred day simple moving average is $147.19. The stock has a market capitalization of $18.09 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 1.65 and a beta of 1.11. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80.

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 analysts' consensus estimates of $1.83 by $0.11. The business had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm posted $1.68 earnings per share. On average, analysts forecast that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be issued a $0.08 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. Jabil's payout ratio is 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).