UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Holdings in Jabil Inc. (NYSE:JBL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 18.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 737,277 shares of the technology company's stock after selling 166,249 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.68% of Jabil worth $106,094,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Jabil during the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Jabil during the fourth quarter valued at approximately $29,000. Millstone Evans Group LLC acquired a new position in Jabil in the fourth quarter valued at approximately $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 worth $39,000 after purchasing an additional 130 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Jabil by 113.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock worth $43,000 after purchasing an additional 158 shares during the period. Institutional investors and hedge funds own 93.39% of the company's stock.

Jabil Trading Up 2.3%

Jabil stock traded up $3.76 during trading on Tuesday, reaching $169.14. 861,542 shares of the company were exchanged, compared to its average volume of 1,424,652. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The stock's 50 day simple moving average is $145.03 and its two-hundred day simple moving average is $146.89. The company has a market capitalization of $18.16 billion, a P/E ratio of 16.22, a PEG ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $6.40 billion. During the same period last year, the business earned $1.68 earnings per share. Jabil's revenue was down .6% compared to the same quarter last year. On average, equities research analysts expect that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.19%. Jabil's payout ratio is 7.66%.

Insiders Place Their Bets

In related news, Chairman Mark T. Mondello sold 20,000 shares of the firm's 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 sale, the chairman now directly owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. This trade represents a 1.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Dastoor sold 10,000 shares of the business'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 completion of the sale, the chief executive officer now directly owns 221,693 shares in the company, valued at $37,665,640.70. This trade represents a 4.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.73% of the stock is owned by insiders.

Analysts Set New Price Targets

JBL has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Wall Street Zen raised Jabil from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. The Goldman Sachs Group lowered their target price on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Barclays increased their target price on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a research report on Friday, March 21st. Finally, UBS Group raised their price target 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Jabil has a consensus rating of "Moderate Buy" and a consensus target price of $158.50.

About Jabil

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).