Brevan Howard Capital Management LP Has $1.91 Million Stock Position in Jabil Inc. (NYSE:JBL)

Brevan Howard Capital Management LP reduced its stake in Jabil Inc. (NYSE:JBL - Free Report) by 41.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,272 shares of the technology company's stock after selling 9,462 shares during the quarter. Brevan Howard Capital Management LP's holdings in Jabil were worth $1,910,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Jabil in the 4th quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Jabil in the 4th quarter worth approximately $29,000. Millstone Evans Group LLC purchased a new position in shares of Jabil during the 4th quarter worth approximately $37,000. First Horizon Advisors Inc. raised its position in 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 purchasing an additional 130 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new position in Jabil during the fourth quarter worth $43,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Jabil

In other news, Chairman Mark T. Mondello sold 20,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.73% of the stock is currently owned by corporate insiders.

Jabil Price Performance

NYSE:JBL traded up $7.32 during mid-day trading on Monday, reaching $161.30. 399,876 shares of the stock were exchanged, compared to its average volume of 1,451,690. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $174.80. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $17.31 billion, a PE ratio of 15.47, a PEG ratio of 1.65 and a beta of 1.11. The business has a fifty day moving average price of $138.51 and a 200 day moving average price of $144.02.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The technology company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion during the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm's revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 EPS. Research analysts expect that Jabil Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be paid a $0.08 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.20%. Jabil's dividend payout ratio (DPR) is currently 7.66%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on JBL shares. StockNews.com lowered 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 price target on shares of Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Barclays lifted their target price on Jabil from $179.00 to $184.00 and gave the company an "overweight" rating in a report on Friday, March 21st. UBS Group increased 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, JPMorgan Chase & Co. decreased 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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).