First Trust Advisors LP Has $25.79 Million Position in Jabil Inc. (NYSE:JBL)

First Trust Advisors LP cut its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 49.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,190 shares of the technology company's stock after selling 174,857 shares during the period. First Trust Advisors LP owned approximately 0.16% of Jabil worth $25,785,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JBL. SBI Securities Co. Ltd. purchased a new position in Jabil in the fourth quarter valued at about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Jabil in the fourth quarter valued at about $29,000. Millstone Evans Group LLC purchased a new position in Jabil in the fourth quarter valued at about $37,000. First Horizon Advisors Inc. grew its stake in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after purchasing an additional 130 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Jabil by 113.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company's stock valued at $43,000 after buying an additional 158 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JBL has been the topic of a number of research reports. The Goldman Sachs Group dropped their target price on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Barclays boosted 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. UBS Group boosted their target price on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. StockNews.com downgraded shares of Jabil from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.50.

Jabil Trading Down 1.0 %

Shares of JBL stock traded down $1.47 on Wednesday, reaching $145.10. The company had a trading volume of 363,650 shares, compared to its average volume of 1,456,605. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The stock has a market cap of $15.58 billion, a PE ratio of 13.91, a PEG ratio of 1.65 and a beta of 1.12. The company has a 50-day moving average of $139.07 and a 200-day moving average of $142.44. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80.

Jabil (NYSE:JBL - Get Free Report) last issued 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. The company had revenue of $6.73 billion during 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 firm's revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.68 earnings per share. On average, equities analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.22%. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Insiders Place Their Bets

In other news, Director Christopher S. Holland sold 3,400 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the transaction, the director now directly owns 12,900 shares in the company, valued at $2,093,283. The trade was a 20.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the company's stock in a transaction dated 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 transaction, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.73% of the company's stock.

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).