Graham Capital Management L.P. Has $929,000 Position in Jabil Inc. (NYSE:JBL)

Graham Capital Management L.P. cut its stake in shares of Jabil Inc. (NYSE:JBL - Free Report) by 47.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,459 shares of the technology company's stock after selling 5,734 shares during the period. Graham Capital Management L.P.'s holdings in Jabil were worth $929,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $29,000. Millstone Evans Group LLC acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $37,000. First Horizon Advisors Inc. lifted its position in shares of 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 buying an additional 130 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $43,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Jabil Price Performance

Jabil stock traded up $1.35 during mid-day trading on Friday, reaching $167.88. 828,016 shares of the company were exchanged, compared to its average volume of 1,442,965. The company has a fifty day simple moving average of $141.38 and a 200-day simple moving average of $145.18. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The firm has a market cap of $18.02 billion, a PE ratio of 16.10, a PEG ratio of 1.65 and a beta of 1.11.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 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 quarter last year, the company earned $1.68 EPS. The company's revenue was down .6% on a year-over-year basis. As a group, equities research analysts expect that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders 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 yield of 0.19%. The ex-dividend date is Thursday, May 15th. Jabil's payout ratio is 7.66%.

Insider Transactions at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of Jabil 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 transaction, the chairman now directly owns 1,730,192 shares of the company's stock, valued at approximately $227,624,059.52. The trade was a 1.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Dastoor sold 10,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 221,693 shares of the company's stock, valued at approximately $37,665,640.70. The trade was a 4.32% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

JBL has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut their price objective on Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. UBS Group raised their price objective on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. StockNews.com cut Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Barclays lifted their price target on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. dropped their price target on Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Jabil has an average rating of "Moderate Buy" and an average 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).