Jump Financial LLC Reduces Stock Position in Jabil Inc. (NYSE:JBL)

Jump Financial LLC lessened its holdings in shares of Jabil Inc. (NYSE:JBL - Free Report) by 97.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,660 shares of the technology company's stock after selling 96,749 shares during the period. Jump Financial LLC's holdings in Jabil were worth $383,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in Jabil by 70,781.4% during the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock worth $835,876,000 after buying an additional 5,800,535 shares during the period. Norges Bank acquired a new position in shares of Jabil in the fourth quarter worth approximately $218,430,000. FMR LLC boosted its holdings in Jabil by 8.1% in the fourth quarter. FMR LLC now owns 5,533,149 shares of the technology company's stock valued at $796,220,000 after acquiring an additional 416,841 shares during the last quarter. Raymond James Financial Inc. bought a new position in Jabil during the 4th quarter worth approximately $43,312,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Jabil by 18.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,877,599 shares of the technology company's stock worth $270,187,000 after purchasing an additional 288,806 shares during the period. Institutional investors and hedge funds own 93.39% of the company's stock.

Insider Transactions at Jabil

In other news, Director Christopher S. Holland sold 3,400 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total value of $551,718.00. Following the transaction, the director now owns 12,900 shares in the company, valued at $2,093,283. The trade was a 20.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction on Friday, April 11th. The stock was sold at an average price of $131.56, for a total value of $2,631,200.00. Following the sale, the chairman now owns 1,730,192 shares in the company, valued at $227,624,059.52. This trade represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.73% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. JPMorgan Chase & Co. cut 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. 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. UBS Group raised their price target 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, StockNews.com lowered shares of Jabil from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $158.50.

Jabil Stock Up 2.6 %

JBL stock traded up $3.79 during midday trading on Thursday, reaching $150.35. 201,629 shares of the company's stock traded hands, compared to its average volume of 1,456,159. 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 Inc. has a 52 week low of $95.85 and a 52 week high of $174.80. The company has a market cap of $16.14 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 1.65 and a beta of 1.12. The firm's fifty day moving average price is $138.75 and its 200-day moving average price is $142.47.

Jabil (NYSE:JBL - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $6.40 billion. During the same period in the previous year, the company posted $1.68 EPS. The company's revenue for the quarter was down .6% on a year-over-year basis. As a group, sell-side analysts forecast that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

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

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).