Jabil, Inc. (NYSE:JBL) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its holdings in Jabil, Inc. (NYSE:JBL - Free Report) by 72.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,310 shares of the technology company's stock after selling 202,341 shares during the period. Teacher Retirement System of Texas owned about 0.07% of Jabil worth $10,384,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. MassMutual Private Wealth & Trust FSB lifted its stake in Jabil by 21.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 565 shares of the technology company's stock worth $77,000 after acquiring an additional 99 shares during the last quarter. Utah Retirement Systems raised its holdings in Jabil by 0.5% during the fourth quarter. Utah Retirement Systems now owns 18,382 shares of the technology company's stock worth $2,645,000 after purchasing an additional 100 shares in the last quarter. Atlas Capital Advisors Inc. grew its position in shares of 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 acquiring an additional 105 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of 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 acquiring an additional 116 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its position in shares of 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 acquiring an additional 119 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Trading Down 1.4%

Shares of NYSE:JBL traded down $3.14 during trading on Tuesday, reaching $222.27. 679,349 shares of the stock were exchanged, compared to its average volume of 1,413,478. The firm has a market cap of $23.85 billion, a price-to-earnings ratio of 43.16, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20. Jabil, Inc. has a 12-month low of $95.85 and a 12-month high of $227.54. The firm's 50-day moving average price is $179.89 and its 200 day moving average price is $159.45. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 0.98.

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

Jabil Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Jabil in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $245.00 price objective on the stock. The Goldman Sachs Group lifted their price target on Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Wall Street Zen raised shares of Jabil from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. boosted their target price on shares of Jabil from $180.00 to $214.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $230.00 price target (up previously from $170.00) on shares of Jabil in a report on Wednesday, June 18th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $225.71.

Insider Transactions at Jabil

In other news, EVP Andrew Priestley sold 13,913 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $203.17, for a total transaction of $2,826,704.21. Following the completion of the transaction, the executive vice president directly owned 53,528 shares in the company, valued at approximately $10,875,283.76. This represents a 20.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven A. Raymund sold 15,955 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $216.83, for a total value of $3,459,522.65. Following the transaction, the director owned 99,828 shares of the company's stock, valued at approximately $21,645,705.24. This trade represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 317,431 shares of company stock worth $60,794,359 over the last 90 days. 1.73% of the stock is owned by corporate insiders.

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).