Wright Investors Service Inc. Sells 9,815 Shares of Jabil Inc. (NYSE:JBL)

Wright Investors Service Inc. decreased its position in shares of Jabil Inc. (NYSE:JBL - Free Report) by 76.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,046 shares of the technology company's stock after selling 9,815 shares during the quarter. Wright Investors Service Inc.'s holdings in Jabil were worth $414,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in JBL. Czech National Bank grew its stake in Jabil by 2.8% in the 1st quarter. Czech National Bank now owns 25,158 shares of the technology company's stock valued at $3,423,000 after buying an additional 691 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Jabil by 6.6% in the first quarter. Rhumbline Advisers now owns 227,017 shares of the technology company's stock worth $30,890,000 after acquiring an additional 14,033 shares during the period. Meyer Handelman Co. grew its position in shares of Jabil by 2.6% in the first quarter. Meyer Handelman Co. now owns 52,316 shares of the technology company's stock valued at $7,119,000 after purchasing an additional 1,349 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Jabil by 17,410.3% during the 1st quarter. GAMMA Investing LLC now owns 524,958 shares of the technology company's stock valued at $71,431,000 after purchasing an additional 521,960 shares during the period. Finally, First Hawaiian Bank lifted its holdings in Jabil by 47.9% during the 1st quarter. First Hawaiian Bank now owns 10,647 shares of the technology company's stock worth $1,449,000 after purchasing an additional 3,447 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.

Analyst Upgrades and Downgrades

JBL has been the subject of a number of recent analyst reports. UBS Group lifted their target price on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, March 21st. The Goldman Sachs Group reduced their price objective on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Wall Street Zen upgraded shares of Jabil from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. Barclays raised their price target on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.50.

Insider Transactions at Jabil

In other Jabil news, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $169.90, for a total value of $1,699,000.00. Following the completion of the sale, the chief executive officer now owns 221,693 shares in the company, valued at approximately $37,665,640.70. This trade represents a 4.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Mark T. Mondello sold 20,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $131.56, for a total value of $2,631,200.00. Following the transaction, the chairman now directly owns 1,730,192 shares in the company, valued at $227,624,059.52. This trade represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.73% of the company's stock.

Jabil Price Performance

Shares of NYSE JBL traded down $1.19 during trading hours on Wednesday, reaching $171.80. 951,983 shares of the stock traded hands, compared to its average volume of 1,421,584. The company has a market capitalization of $18.44 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 1.65 and a beta of 1.14. The company's 50-day simple moving average is $147.91 and its two-hundred day simple moving average is $148.35. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80.

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

Jabil Dividend Announcement

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

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).