Jabil Inc. (NYSE:JBL) Position Trimmed by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC lessened its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 407,370 shares of the technology company's stock after selling 1,771 shares during the quarter. Frontier Capital Management Co. LLC owned 0.37% of Jabil worth $58,621,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in shares of Jabil in the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Jabil in the 4th quarter worth about $29,000. Millstone Evans Group LLC bought a new position in shares of Jabil during the fourth quarter worth 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 worth $39,000 after purchasing an additional 130 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Jabil by 113.7% in the fourth 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 currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the business'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 sale, the chairman now owns 1,730,192 shares in the company, valued at approximately $227,624,059.52. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.73% of the company's stock.

Jabil Price Performance

NYSE JBL traded down $0.43 on Friday, reaching $153.97. 498,638 shares of the stock traded hands, compared to its average volume of 1,455,847. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm's fifty day simple moving average is $138.51 and its 200 day simple moving average is $143.89. The company has a market cap of $16.53 billion, a price-to-earnings ratio of 14.76, 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period in the previous year, the company earned $1.68 earnings per share. Jabil's revenue was down .6% compared to the same quarter last year. As a group, research analysts predict that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil's dividend payout ratio is presently 7.66%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on JBL shares. Barclays lifted their target price on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. The Goldman Sachs Group cut their target price on shares of Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. lowered their price objective on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. StockNews.com downgraded shares of Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Finally, UBS Group upped their target price on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.50.

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).