Stanley Laman Group Ltd. Sells 6,395 Shares of Jabil Inc. (NYSE:JBL)

Stanley Laman Group Ltd. reduced its stake in Jabil Inc. (NYSE:JBL - Free Report) by 18.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,514 shares of the technology company's stock after selling 6,395 shares during the period. Stanley Laman Group Ltd.'s holdings in Jabil were worth $3,880,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Fifth Third Bancorp lifted its holdings in shares of Jabil by 18.8% in the 1st quarter. Fifth Third Bancorp now owns 4,791 shares of the technology company's stock worth $652,000 after purchasing an additional 757 shares in the last quarter. Alhambra Investment Management LLC acquired a new position in Jabil during the first quarter worth $301,000. Assenagon Asset Management S.A. lifted its stake in shares of Jabil by 119.6% in the first quarter. Assenagon Asset Management S.A. now owns 349,300 shares of the technology company's stock valued at $47,529,000 after buying an additional 190,242 shares in the last quarter. MV Capital Management Inc. grew its holdings in shares of Jabil by 2,070.8% during the first quarter. MV Capital Management Inc. now owns 521 shares of the technology company's stock valued at $71,000 after buying an additional 497 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Jabil by 20.2% during the first quarter. Handelsbanken Fonder AB now owns 238,348 shares of the technology company's stock worth $32,432,000 after acquiring an additional 40,000 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company's stock.

Analyst Upgrades and Downgrades

JBL has been the subject of several analyst reports. The Goldman Sachs Group increased their price objective on Jabil from $165.00 to $188.00 and gave the stock a "buy" rating in a research note on Tuesday. UBS Group increased their price target on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Wall Street Zen raised shares of Jabil from a "hold" rating to a "buy" rating in a report on Monday, May 19th. Barclays increased their price objective on shares of Jabil from $184.00 to $206.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $169.17.

Insiders Place Their Bets

In other Jabil news, CEO Michael Dastoor sold 10,000 shares of the business's stock in a transaction 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 directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. The trade was a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock valued at $7,665,200 in the last quarter. Insiders own 1.73% of the company's stock.

Jabil Price Performance

NYSE:JBL traded down $3.31 during midday trading on Friday, hitting $175.77. The company had a trading volume of 1,224,670 shares, compared to its average volume of 1,434,904. 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 stock's fifty day moving average price is $155.54 and its 200-day moving average price is $150.88. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $180.16. The company has a market capitalization of $18.87 billion, a PE ratio of 16.85, a P/E/G ratio of 1.65 and a beta of 1.14.

Jabil (NYSE:JBL - Get Free Report) last announced 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. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm 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 posted $1.68 EPS. The business's quarterly revenue was down .6% on a year-over-year basis. As a group, research analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.18%. The ex-dividend date was Thursday, May 15th. Jabil's dividend 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).