Teacher Retirement System of Texas Decreases Holdings in Jabil, Inc. (NYSE:JBL)

Teacher Retirement System of Texas lessened its stake in shares of Jabil, Inc. (NYSE:JBL - Free Report) by 72.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 76,310 shares of the technology company's stock after selling 202,341 shares during the period. Teacher Retirement System of Texas owned 0.07% of Jabil worth $10,384,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its position in Jabil by 21.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 565 shares of the technology company's stock valued at $77,000 after buying an additional 99 shares during the period. Utah Retirement Systems grew its position in Jabil by 0.5% during the fourth quarter. Utah Retirement Systems now owns 18,382 shares of the technology company's stock valued at $2,645,000 after buying an additional 100 shares during the period. Atlas Capital Advisors Inc. boosted its position in Jabil by 1.0% during the fourth quarter. Atlas Capital Advisors Inc. now owns 10,463 shares of the technology company's stock worth $1,506,000 after purchasing an additional 105 shares during the period. Harbor Capital Advisors Inc. boosted its position in Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after purchasing an additional 116 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its position in Jabil by 0.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,075 shares of the technology company's stock worth $2,054,000 after purchasing an additional 119 shares during the period. Institutional investors and hedge funds own 93.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. UBS Group increased their target price on shares of Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Bank of America increased their target price on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. JPMorgan Chase & Co. increased their target price on shares of Jabil from $180.00 to $214.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Finally, Wall Street Zen upgraded shares of Jabil from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Jabil currently has a consensus rating of "Buy" and a consensus price target of $225.71.

Jabil Price Performance

Shares of Jabil stock traded down $0.89 on Wednesday, reaching $220.97. The stock had a trading volume of 1,398,471 shares, compared to its average volume of 1,419,050. Jabil, Inc. has a 1 year low of $95.85 and a 1 year high of $227.54. The company has a market cap of $23.71 billion, a P/E ratio of 42.91, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. The business's 50 day moving average is $182.88 and its two-hundred day moving average is $160.31.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.28 by $0.27. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The firm had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same period in the prior year, the firm posted $1.89 earnings per share. The company's revenue for the quarter was up 15.7% on a year-over-year basis. As a group, research analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend was Thursday, May 15th. Jabil's dividend payout ratio is currently 6.21%.

Insiders Place Their Bets

In related news, SVP Francis Mckay sold 3,395 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $205.48, for a total value of $697,604.60. Following the sale, the senior vice president directly owned 38,112 shares of the company's stock, valued at $7,831,253.76. This trade represents a 8.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven A. Raymund sold 15,955 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $216.83, for a total transaction of $3,459,522.65. Following the completion of the sale, the director directly owned 99,828 shares in the company, valued at $21,645,705.24. This represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 317,431 shares of company stock valued at $60,794,359 over the last three months. Corporate insiders own 1.73% of the company's stock.

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).