Worldquant Millennium Advisors LLC Reduces Stock Position in Jabil Inc. (NYSE:JBL)

Worldquant Millennium Advisors LLC lowered its stake in Jabil Inc. (NYSE:JBL - Free Report) by 22.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 444,790 shares of the technology company's stock after selling 130,148 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.41% of Jabil worth $64,005,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JBL. SBI Securities Co. Ltd. purchased a new stake in Jabil in the fourth quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Jabil in the fourth quarter worth approximately $29,000. Millstone Evans Group LLC purchased a new stake in Jabil in the fourth quarter worth approximately $37,000. First Horizon Advisors Inc. boosted its stake in shares of Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock worth $39,000 after acquiring an additional 130 shares during the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Jabil during the 4th quarter worth $43,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Jabil Stock Down 0.3%

Shares of JBL stock opened at $167.21 on Tuesday. The company has a market capitalization of $17.95 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.65 and a beta of 1.11. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The company's fifty day moving average price is $142.05 and its 200-day moving average price is $145.76. 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 (NYSE:JBL - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 EPS 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 net margin of 4.71% and a return on equity of 41.87%. The company's revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned $1.68 EPS. Sell-side analysts expect that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on JBL shares. JPMorgan Chase & Co. dropped their price target on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays lifted their price target on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. The Goldman Sachs Group dropped their price target 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. StockNews.com upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research note on Monday. Finally, UBS Group lifted 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 research 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.50.

Insider Activity

In other Jabil news, CEO Michael Dastoor sold 10,000 shares of Jabil stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total value of $1,699,000.00. Following the sale, the chief executive officer now directly owns 221,693 shares in the company, valued at approximately $37,665,640.70. The trade was a 4.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction on Friday, April 11th. The shares were 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 owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.73% of the company's stock.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.