Jabil Inc. (NYSE:JBL) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 18.4% in the fourth quarter, according to its most recent filing with the SEC. The firm 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 approximately 0.68% of Jabil worth $106,094,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JBL. SBI Securities Co. Ltd. bought a new position in shares of Jabil during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Jabil during the 4th quarter worth approximately $29,000. Millstone Evans Group LLC bought a new position in shares of Jabil during the 4th quarter worth approximately $37,000. First Horizon Advisors Inc. lifted its holdings in shares of 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, GHP Investment Advisors Inc. acquired a new stake in Jabil in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 93.39% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. UBS Group lifted their price target on shares of 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 upgraded Jabil from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. The Goldman Sachs Group dropped their price objective on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Barclays raised 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. Finally, JPMorgan Chase & Co. dropped their price objective on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $158.50.

Jabil Stock Performance

Shares of JBL stock traded down $0.44 during trading hours on Thursday, reaching $167.30. 226,382 shares of the company traded hands, compared to its average volume of 1,419,194. The firm has a 50-day moving average price of $145.99 and a 200 day moving average price of $147.19. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The company has a market cap of $17.96 billion, a P/E ratio of 16.04, a P/E/G ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.11. The firm had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 EPS. As a group, sell-side analysts predict that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

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

Insider Buying and Selling at Jabil

In related news, CEO Michael Dastoor sold 10,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the sale, the chief executive officer now directly owns 221,693 shares of the company's stock, valued at $37,665,640.70. This trade represents a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the transaction, the chairman now owns 1,730,192 shares in the company, valued at $227,624,059.52. This represents a 1.14% decrease in their position. The disclosure for this sale can be found here. 1.73% of the stock is currently owned by company 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).