Richard P Slaughter Associates Inc Has $1.06 Million Holdings in Jabil Inc. (NYSE:JBL)

Richard P Slaughter Associates Inc trimmed its position in Jabil Inc. (NYSE:JBL - Free Report) by 55.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,814 shares of the technology company's stock after selling 9,603 shares during the quarter. Richard P Slaughter Associates Inc's holdings in Jabil were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in Jabil by 70,781.4% during the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock worth $835,876,000 after acquiring an additional 5,800,535 shares during the last quarter. Norges Bank bought a new position in Jabil in the fourth quarter valued at about $218,430,000. Point72 Asset Management L.P. grew its holdings in shares of Jabil by 1,007.6% during the fourth quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company's stock worth $138,954,000 after purchasing an additional 878,444 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Jabil by 16,190.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 552,740 shares of the technology company's stock worth $79,539,000 after acquiring an additional 549,347 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Jabil by 17,410.3% during the first quarter. GAMMA Investing LLC now owns 524,958 shares of the technology company's stock worth $71,431,000 after purchasing an additional 521,960 shares during the period. Institutional investors own 93.39% of the company's stock.

Jabil Stock Up 2.5%

Shares of JBL stock traded up $4.29 on Friday, reaching $176.93. 1,182,933 shares of the stock were exchanged, compared to its average volume of 1,427,289. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $177.00. The company has a market capitalization of $18.99 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 1.65 and a beta of 1.14. The business's 50 day moving average price is $150.17 and its 200 day moving average price is $149.30.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share 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 net margin of 4.71% and a return on equity of 41.87%. The company's revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $1.68 EPS. As a group, sell-side analysts expect that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.18%. Jabil's dividend payout ratio is currently 7.66%.

Insiders Place Their Bets

In other Jabil news, CEO Michael Dastoor sold 10,000 shares of the business'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 completion of the transaction, the chief executive officer now directly owns 221,693 shares of the company's stock, valued at $37,665,640.70. The trade was a 4.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $166.75, for a total transaction of $3,335,000.00. Following the sale, the chairman now owns 1,710,192 shares in the company, valued at $285,174,516. This represents a 1.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $7,665,200 in the last quarter. 1.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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