Jabil Inc. (NYSE:JBL) Shares Sold by Praesidium Investment Management Company LLC

Praesidium Investment Management Company LLC cut its holdings in Jabil Inc. (NYSE:JBL - Free Report) by 8.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 393,663 shares of the technology company's stock after selling 38,075 shares during the period. Jabil makes up approximately 9.5% of Praesidium Investment Management Company LLC's investment portfolio, making the stock its 5th largest position. Praesidium Investment Management Company LLC owned about 0.36% of Jabil worth $56,648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bleakley Financial Group LLC grew its stake in Jabil by 2.2% during the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company's stock worth $471,000 after buying an additional 70 shares in the last quarter. Greenleaf Trust grew its stake in Jabil by 1.3% during the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company's stock worth $816,000 after buying an additional 72 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in Jabil by 3.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company's stock worth $365,000 after buying an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. grew its stake in Jabil by 1.0% during the fourth quarter. Lifestyle Asset Management Inc. now owns 9,618 shares of the technology company's stock worth $1,384,000 after buying an additional 95 shares in the last quarter. Finally, Savant Capital LLC grew its stake in Jabil by 1.9% during the fourth quarter. Savant Capital LLC now owns 5,332 shares of the technology company's stock worth $767,000 after buying an additional 99 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Jabil Price Performance

Shares of JBL stock traded up $1.35 on Friday, reaching $167.88. The company had a trading volume of 828,016 shares, compared to its average volume of 1,444,195. The business's 50-day moving average is $141.38 and its 200 day moving average is $145.32. The stock has a market capitalization of $18.02 billion, a PE ratio of 16.10, a price-to-earnings-growth 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 has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

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, beating analysts' consensus estimates of $1.83 by $0.11. The business had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $1.68 EPS. Equities research analysts forecast that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.19%. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Insider Activity at Jabil

In other Jabil news, CEO Michael Dastoor sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $169.90, for a total transaction of $1,699,000.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. 1.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

JBL has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective 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. StockNews.com downgraded shares of Jabil from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. The Goldman Sachs Group dropped their target price on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a report on Thursday, April 10th. UBS Group increased their target price on shares of Jabil from $152.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Barclays increased their target price on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Jabil currently has a consensus rating of "Moderate Buy" and an average price target of $158.50.

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).