Schonfeld Strategic Advisors LLC Cuts Stock Position in Jabil Inc. (NYSE:JBL)

Schonfeld Strategic Advisors LLC lessened its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 54.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 46,391 shares of the technology company's stock after selling 55,421 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Jabil were worth $6,676,000 at the end of the most recent reporting period.

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

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JBL. Barclays increased their price objective 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 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. JPMorgan Chase & Co. reduced their price target on Jabil from $175.00 to $154.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. UBS Group upped their price target on Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, StockNews.com lowered shares of Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $158.50.

Jabil Trading Up 0.2 %

Shares of Jabil stock traded up $0.29 on Tuesday, hitting $150.51. The stock had a trading volume of 480,572 shares, compared to its average volume of 1,451,919. The stock's 50-day simple moving average is $138.21 and its two-hundred day simple moving average is $143.22. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The stock has a market cap of $16.16 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.65 and a beta of 1.11. 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 announced 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. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. The firm's quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

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

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).